Aussie forced to work until the day she dies after $139,000 is wiped from her super: ‘I’ll never be able to travel’
An Australian woman says she has been left unable to retire after losing A$139,000 (roughly £69,000) when her superannuation fund investment collapsed, forcing her to accept she will now have to work indefinitely. She says the loss has wiped out plans she had spent years building towards, including travel, and has left her facing a retirement she can no longer afford.
The woman describes the financial hit as devastating, saying she will effectively have to keep working "until the day she dies" and will never be able to afford to travel as she had hoped. Her case highlights broader concerns about the vulnerability of retirement savings held in Australia's compulsory superannuation system when underlying investments go wrong, with the article originally reported by The Guardian.
- Australian woman loses A$139,000 from her superannuation fund
- She says she must now work for the rest of her life
- Loss has ended her hopes of ever affording to travel