Articles on Pensions

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The avocado latte is indeed a thing, but young Australians are spending less on luxuries than they used to, while older Australians are spending more. Shutterstock

For the first time in a long time, we’re setting up a generation to be worse off than the one before it

A new Grattan Institute study finds that for the first time in a long time, young Australians are no better off than those who came before, and are likely to do worse.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten. (Shutterstock)

Why financial literacy should be taught in every school

Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia's example and make financial literacy mandatory in every grade - across the country.
Shoppers browse at a Sears Canada store in Toronto in October after the company began liquidation sales. Its retirement funds are short $308 million, forcing a 19 per cent cut to employee pensions. (THE CANADIAN PRESS/Nathan Denette)

Sears Canada tarnishes the gold standard of pensions

Sears Canada's bankruptcy should alert employees and regulators alike to rethink defined-benefit pensions.

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