Articles on Retirement incomes

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“We’d be mad not to learn the lessons” of the election result, said Chalmers on Labor’s way ahead. Joel Carrett/AAP

Politics with Michelle Grattan: Jim Chalmers on the need to change economic course

Jim Chalmers on the need to change economic course. The Conversation, CC BY35.9 MB (download)
In this podcast, Shadow Treasurer Jim Chalmers argues the government can have both a more stimulatory policy and a surplus going forward.
Despite a slowing economy, Josh Frydenberg says ‘you wouldn’t want to be in any other economy, other than Australia’. James Ross/AAP

Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy

Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.
Increasing numbers of older Australians face a harder time paying the bills when they retire because they’ll still be paying off a mortgage or renting a home. Art_Photo/Shutterstock

Fall in ageing Australians’ home-ownership rates looms as seismic shock for housing policy

People over 65 who still have a mortgage or are renting are projected to double in number by 2031. The trend is likely to hit government budgets and leave more retirees in poverty.
Despite alarming news, retirees can still rely on their retirement nest eggs. Dan Kosmayer/Shutterstock.com

Social Security’s future is safe

Social Security will have to dip into its trust fund to pay benefits this year for the first time since 1982. Should we be worried?
The old pathways to home ownership have been displaced by more uncertain routes that waver between owning and renting. Glenn Hunt/AAP

Home ownership foundations are being shaken, and the impacts will be felt far and wide

Increasingly insecure pathways to home ownership are not just a problem for property markets. The fallout is likely to hit retirement incomes, the welfare base, gender equity and the broader economy.
The compulsory super scheme in Australia is clearly superior to the voluntary 401(k) scheme utilised by the United States. Image sourced from www.shutterstock.com

Our super system isn’t perfect - but for a failure, look to the US

When you consider that the average US household will have just $104,000 in retirement savings, Australia's compulsory super system starts to look like a really good idea.

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