by Chris Becker
I contend that the jury is still out on the long term effectiveness of the experiment called superannuation in Australia. Although in its 21st year, compulsory superannuation has not yet had the length for its impact to be examined fairly across differing generations – i.e those solely reliant on the Age Pension, those transitioning and those who are paying for all of the above plus their own retirement (Gen X/Y) in the rear (sic).
It cannot be denied however, that a very large pool of “savings” has been accumulated, $2 trillion and counting.