Advertisement
If I had to guess the dominant emotion many Australians feel when thinking about their superannuation balances, it would have to be fear. White-knuckle fear that what they have squirrelled away just won’t be enough to provide a comfortable retirement.
It’s a fear that has been purposefully placed in people’s minds by both governments, trying to encourage more private savings to take pressure off funding the age pension, and by the super industry itself, which feeds off fees.
Credit:Dionne Gain
The good news for most young Australians, according to the Grattan Institute’s Brendan Coates, is that those fears are largely unfounded.
How much super do you really need to retire? Not as much as you think
brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.
How much super do you really need to retire? Not as much as you think
theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Retirement funds are facing a crisis as the Covid pandemic grips hold of South Africa
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Retirement funds are facing a crisis as the Covid pande
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.