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Discussing the challenges of Australia's retirement program and the global 'silver tsunami'. Exploring the origins and benefits of Australia's superannuation system. Comparing retirement systems in Australia, the US, and the UK. Navigating retirement planning challenges and the importance of mandatory savings in Australia.
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Quick takeaways
- Australia's superannuation system enforces employer contributions, set to increase to 12%, ensuring substantial retirement savings.
- Challenges faced by Australia's retirement system include gender pay gaps and the need for improved financial literacy.
Deep dives
The Retirement Crisis and Protests in France
A global economic crisis in retirement is looming, highlighted by protests in France against raising the retirement age. The aging population and longer lifespans are straining public funds globally. The silver tsunami, a rise in retiree numbers, poses a significant challenge worldwide.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode