THERE IS NO RETIREMENT FUTURE FOR ANYONE UNDER 40.
The retirement and super access ages are being progressively lifted as successive governments discover they cannot pay for everyone's retirement.
> Not enough savings, inc super. > Too many old people getting ready to retire.
I am in my twenties. People my age are screwed. By the time I am ready to retire, superannuation will have been 'nationalised' to pay for everyone else's retirement and healthcare.
There are three ways this shortfall can be funded: - raise taxes (businesses and the rich go offshore); - cut benefits (this will happen to some extent); and - nationalise super and redistribute (this will definitely happen).
Anyone under 40 will never see a cent of their super.
