Share
The Government argues that encouraging people to work longer is also helping them do something for their own benefit. However, increasing the retirement age is asking people to contribute time at a life stage when time is scarce. For boomers, being compelled to work later means that individuals are giving up something – time – that they cannot retrieve. With superannuation, individuals will get it all back, and more, at a time when they feel that they will need it most. It has only been 14 years since the introduction of compulsory super. It is evident that it is transforming not just retirement incomes but the relationship between citizens and government.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
“I studied economics to better understand the world and equip me with better tools to serve society”
Prof Anis Chowdhury, an Associate of the Centre for Future Work, was recently appointed Emeritus Professor at Western Sydney University, in honour of his decades of influential work in progressive macroeconomics and development economics. Prof Chowdhury’s address on occasion of his installment provides an overview of his evolution as a progressive economist and significant impact on global policy:
Top Australian scientists unite in defence of science on Maugean skate
An ancient and endangered skate (related to rays and sharks), which can only be found in a remote corner of western Tasmania, could be wiped out by salmon farming, prompting an extraordinary warning from some of the nation’s foremost marine scientists. 14 Professors and five Fellows from the Australian Academy of Science are among more than
NDS needs reality, not imagination
The 2024 National Defence Strategy (NDS) looks more like the impactless pronouncements of consultants’ “decks” than a persuasive guide to the government’s security plans for the next decade or two.