Senator Jacqui Lambie told Q&A that a third of Australian age pensioners are living below the poverty line and that it’s estimated to rise to two-thirds within five years. Is that right?
Many people aspire to live a middle class life. Once they attain it, sustaining it is a big challenge.
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Why is Africa so saddled with ageing presidents who ought to be enjoying their retirement in peace when the continent desperately needs young, agile and innovative leaders equal to its challenges?
The elder statesman makes a comeback.
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In a system where the age pension is designed to be needs-based, a strong asset test seems like an appropriate tax on the practice of bequeathing assets like superannuation to the next generation.
For every $1000 of assets the pension will be reduced by $3 a fortnight, under changes proposed in the federal budget.
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Hal Kendig, Australian National University and Andrew Podger, Australian National University
The government has dropped plans to index age pensions to CPI and opted instead to tighten income and assets test. These are welcome changes but more needs to be done.
Joe Hockey is betting this budget is inoffensive.
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Part-pensioner couples who own their own home and assets worth more than about A$800,000 are expected to lose their part-pension altogether, under proposals in the federal budget.
It took about a decade to construct the cross-party consensus, and the support of trade unions and employers, that made automatic enrolment into private pension schemes a realistic prospect. The achievement…
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