Advertisement
Observing the major parties squabble over retirement policy is like watching a slow motion train wreck.
Let’s review some facts. Australia’s population is ageing fast due in part to the pending mass retirement by the large baby boomer generation. Accordingly, the number of workers supporting retirees is projected to shrink over coming decades (see next chart).
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.