Boomer bubble drip feeds enslaved children

Sunday 28 February 2016

If you are looking for a reason why Sydney’s housing bubble is on borrowed time, look no further than the below article from The SMH on how grandparents are increasingly stumping-up funds for their grandchildren’s education due to the crippling cost of mortgages:

Almost one-third of grandparents are planning to draw down on their superannuation to pay school fees, research by industry super fund Rest shows.

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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.