Published: November 07, 2018
Homeownership levels are falling, and that suggests a wave of retirement problems coming down the track
Whether you will have enough money to retire in comfort is a major concern for many Australians, but a new report by the Grattan Institute suggests we might be worrying for nothing. The report argues that the current superannuation and age pension system will see most people have more than enough to retire on – in fact, so much so that they recommend not increasing the superannuation guarantee from 9.5% to 12%. Instead they argue it would be better to spend the money on rent assistance and reducing the means test taper for the aged pension.
Related: Superannuation lobby creating false belief retirees haven't saved enough, report finds
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