Knowledge@Australian School of Business

Save Up or Live It Up: Is Super Wasted on the Young?


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For many young people, saving for retirement may be a rainy day that's

just too far away. Should those who are strapped for cash for basic
living – perhaps saving for a house or paying for childcare – be able to
access their super savings to foot the bill? This controversial idea
has been floated by Bruce Bradbury of the Social Policy Research Centre
at the University of New South Wales as compulsory contributions begin
rising from 9% to 12%. However, industry players remain intent on
capturing the attention of youthful retirement savers via social media –
like it or not!

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