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The New Daily
The New Daily
Business
Rod Myer

Australians have become super savers with billions stashed away

Australia Ian Henschke National Seniors
Many people plan to hold onto some savings through retirement. Photo: TND

Australians are spending increasingly less of their savings in retirement, even as the amount of money salted away into superannuation is on the rise.

The latest figures from regulator APRA show that total contributions to superannuation jumped 88.1 per cent to $146.5 billion during the 2022 financial year.

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