Young Australians have been hit hardest by job losses and short-term economic pain, but we’re also going to be the ones paying it back for decades. Today we find out what we should be doing first before we look at dipping into our super and how we can get through this as best as we can. Our guest today is Danielle Wood – Economist,The Grattan Institute.

 

Today's News Headlines:

• COVIDsafe update & hoax text
• House prices could drop by 30% according to NAB
• Chinese scientists under Covid probe studied in Australia
• Vegemite Sales are up by 55% & Alcohol restrictions lifted

 

In today's Briefing we ask: what is the impact of dipping into your super early? What things should we do first before taking our super? What could be the long-term economic impacts for young Australians? What is scarring? And how does it affect us beyond these 6 months and our long-term careers? How many years will it take to pay back the $200b the government has poured into the economy? What will the hit to this years budget be? What will the economic environment look like on the other side? How will this affect house prices? What should you do if you're thinking of buying a property?

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