The ARC Centre of Excellence in Population Ageing Research (CEPAR) has released a new policy brief examining retirement income in Australia, which has found that older Australians have faired very well economically over the past decade, experiencing large rises in real after-inflation income and wealth:
… older people today have much higher real incomes (about 45%) than those of similar age ten years ago. Younger age groups saw smaller gains relative to those who came before them but greater gains relative to themselves ten years earlier.
The full text of this article is available to MacroBusiness subscribers
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.
