Delving into Australia's superannuation system, this chapter traces its origins back to the 1980s economic struggles and the legislative mandate in 1992. The speaker, part of the pension system, shares personal insights on the compulsory retirement fund and its long-term benefits.
Experts have long held up Australia’s 32-year-old “superannuation” system as the retirement model to follow. But as countries all around the world are bracing for a “silver tsunami” of aging baby boomers, even Australians worry they don’t have enough saved.
Today, host Sarah Holder and Bloomberg’s Amy Bainbridge discuss what makes this system so super — and why it’s still falling short.
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