Exploring the growth and features of Australia's retirement system, including mandatory contributions, investment options, and pension fund sizes. Delving into concerns about aging Australians and the global retirement crisis projections, with a spotlight on BlackRock's CEO praising Australia's retirement model.
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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