Are Australians Too Scared to Spend in Retirement?: Episode #182

Australia's retirement system is often called one of the best in the world, but are retirees making the most of it? As AMP launches its Retirement Confidence Pulse for 2026, Diana Mousina sits down with AMP's Ben Hillier to explore the shape of retirement today: why many retirees are spending less than they can afford, the growing divide between homeowners and renters, and whether Australians are too fearful of running out of money. They also discuss intergenerational wealth transfer, helping children into the housing market, unlocking home equity, and why confidence may be the missing ingredient to a better retirement.Read more on the Retirement Confidence Pulse for 2026https://www.amp.com.au/about-amp/news/2026/september/Retirement-confidence-flatlines-as-fear-of--running-out-grips-three-in-five-AustraliansImportant information: This podcast is general in nature and hasn’t taken your circumstances into account. It’s important you consider your personal circumstances and speak to a financial adviser before deciding what’s right for you. Any general tax information provided is intended as a guide only. Remember the value of investments may go up or down and you may not get back the amount you invested. The opinions and views featured in this podcast reflect the individual’s own. Date of publication 03 September 2026. AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121, part of the AMP GroupTimestamps00:00 Introduction and Australia's two-speed economy01:18 What retirement looks like in Australia today03:29 Why retirees could be spending more04:42 Home ownership, mortgages and retirement07:28 The Bank of Mum and Dad09:19 How much money do you really need to retire?10:00 The "10-30-60" retirement spending rule11:32 Why spending naturally declines in retirement13:03 Is $500,000 enough for retirement?14:02 Biggest challenges facing retirees14:39 Why Australia's retirement system is so complex15:14 Do retirees really need financial advice?17:08 New retirement income solutions explained18:23 Unlocking home equity in retirement20:27 Should retirees leave an inheritance?21:49 Giving with a warm hand, not a cold hand22:01 The coming $3.5 trillion wealth transfer22:44 Is Australia's retirement system world-leading?23:26 How confidence changes retirement spending24:09 Closing remarks