Our research shows the co-contribution scheme does little to help low and middle-income earners. The new Albanese government should consider discontinuing it – saving hundreds of millions of dollars.
More older Australians are carrying housing debt later in life, or not owning homes at all, but lack suitable alternatives to the family home. The result is lower incomes in retirement.
Liberal senator Andrew Bragg is one of the Coalition backbenchers who oppose the scheduled superannuation guarantee rise to 12%. They are looking to the retirement incomes inquiry to leverage change.
A recent study suggests that divesting in fossil fuels not only allows investors to address their climate change concerns, it also reduces financial risks and increases financial returns.
Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What’s being ignored is the costs of moving into a unit or apartment.
Any significant decline in home ownership or equity in a home impacts higher care needs: older people will not have an asset to sell to fund the bonds required to enter aged care accommodation.
What critics of the plan to use superannuation for housing miss is that Australia’s super system already channels a significant proportion of retirement savings into housing.
The presidential candidates are largely ignoring one of the biggest economic issues facing Americans: more than half are struggling to save enough for retirement.
Despite the government windfall on offer, changing the age at which people can access their super is likely to unfairly hit retirees with lower super balances.