Voters right to view pension as welfare, not an entitlement

Wednesday 28 March 2018

A Newspoll survey has revealed that the majority of Australians (51%) view the Aged Pension as a welfare safety net, not an entitlement that is earned after paying a lifetime’s tax. From The Australian:

Newspoll found 51 per cent of voters believe everyone should do their best to save for retirement but that the pension should be there as a safety net. By contrast, 35 per cent say they pay enough tax and the Age Pension entitlement is repaying a portion of that.

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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.