Glenn McCrea says Australians shouldn't be focused on short-term share market volatility when it comes to their super.
"I do encourage people to look at returns over 10 years, rather than follow what happens day to day." "[The $5,000 super withdrawal] was enough that it paid for another month's worth of rent, and I could pay my staff and I could afford to live." Mr McCrea said those who took out money early were mostly single parents, women and those on low incomes, and 44 per cent of applicants were aged under 35.
Council on the Ageing Australia's Ian Yates predicts early withdrawals may see higher pension costs in future.
I doubt many politicians truly understand the scale of impact across communities iro mentalillness It would be wonderful if they'd start listening maybe?
Many baby boomers have retired on quite comfortable incomes. These stories of anxiety and 'hard times ahead' need to be balanced with more realistic stories that reflect modern Australian experience. abc730 ABCaustralia auspol
Really, the guy who left school at 15 thought he'd be financially independent before he hame 40 Gosh well he would have been educationally well equipped to assess that at 15
He should have got a job in the state or federal public service. Those that did seem to be living quite comfortably. abc730 auspol
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