44% of all Australians over the age of 65 are living under the poverty line.

The Poverty Line is an international standard based on 50% of median income. In Australia, the poverty line would be $249 per week income. Some nations such as UK and Ireland use 60% as the measure. See this report from ACOSS.

Below is a chart of the income bracket percentages of all Australians over the age of 65 years according to the latest Census data in 2006 taken by Australian Bureau of Statistics.

The above figures should be a stark wake-up call for most Australians. The chart shows:

• Only 5% of ALL Australians are earning over $1,000pw in retirement;
• 44% of ALL Australians over the age of 65 are living under the international poverty line; and
• Over 44% of ALL Australians in retirement live on the Government pension.

Clearly, the above figures show that the vast majority of Australians do NOT invest during their working life. If you would like to live in retirement like the vast majority of Australians now live in retirement, continue to do the same as the vast majority of Australians.

And that is not much at all!

The answer to a better long-term future is to take action and actively invest! Employer sponsored Superannuation will not provide enough income on retirement, as the above chart exposes.

If now is not the right time for you to start actively investing, then when?

Dictionary.com defines "invest" as - "to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value."

Putting your money to use for the purpose of profit is investing.

The above chart clearly shows most Australians do not put money away for the future.

You don't have to be wealthy to invest, but you do have to invest to be wealthy.

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