Paul Keating claims young Australians are guaranteed to have $3m in super by retirement – but not everyone agrees

Comments

• SaneMartigan@aussie.zone ⁨1⁩ ⁨week⁩ ago

  Sounds like when they used to advertise dsl with maximum theoretical speeds.

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• makingStuffForFun@lemmy.ml ⁨1⁩ ⁨week⁩ ago

  So enough to buy a few burgers, and afford one weeks camping by then. Thanks Paul.

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  • princessnorah@lemmy.blahaj.zone ⁨1⁩ ⁨week⁩ ago

    This is a really weak take? Some quick research shows that typical average super fund performance over the last 32 years is 5.4% greater than CPI. Compulsory contributions are also only compulsory on the part of employers, and employees have still benefited from comparatively high wage growth amongst our peers.

    Like, could the system and wage growth have been and continue to be better? Sure. But did he do a good job of preemptively managing the aging population that so many countries struggle with now; of forcing employers to be accountable to paying their employees well into retirement? Definitely. And is he talking out of his arse now? Absolutely.

    ^It’s not like I should’ve expected a good take from a .ml user though…^

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• Eyekaytee@aussie.zone ⁨1⁩ ⁨week⁩ ago

  The Australian Financial Review has reported that the former prime minister has privately blasted as “unconscionable” the Albanese government’s decision to not adjust the threshold each year in line with inflation or wages growth.

  Yes

  And while other tax policy experts have said while indexation is common, they believe it is virtually impossible that the threshold will not be adjusted over the coming years and decades.

  Also yes

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