Nearly half of working-age Australians lack a financial retirement plan. Only 37% feel confident making financial decisions, and One-third of Millennials and one-quarter of Boomers expect to retire with a mortgage. These are some of the key findings of Vanguard's new How Australia Retires report.

Sean Aylmer speaks with Daniel Shrimski, Managing Director at Vanguard Australia, about how Australians are preparing for retirement — and how rising housing costs, shifting expectations and financial literacy are reshaping that journey, and what you can do about it.

Vanguard is a supporter of this podcast.

Invest strong and steady with Vanguard. Head to the Vanguard Super website and take the SmartRetire quiz to uncover your strengths and discover the building blocks of a confident retirement.

Vanguard Investments Australia Ltd and Vanguard Super Pty Ltd is the product issuer. Invest strong and steady with Vanguard. Visit vanguard.com.au for more information and to read the relevant PDS and TMD, and consider if a product is right for you before deciding.