Published: November 06, 2018
Grattan Institute says the typical retiree has a higher standard of living thanwhen they were working
The conventional wisdom that Australians do not save enough for retirement is wrong, with the typical retiree having a higher standard of living than they did when they were working, the Grattan Institute says.
The Melbourne-based thinktank has released a new report calling for Australia’s generous superannuation tax breaks and age-based tax breaks to be pared back by billions of dollars annually.
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