The AFR reports that baby boomers were the economy’s biggest winner last year, with “with average super balances and investment accounts posted record gains of more than $240,000”:
“Sure, the pandemic was awful, but financially it was brilliant for Boomers with a good job, a house, some super and maybe some investments,” says Alex Dunnin, Rainmaker’s executive director of research.
“Combined with their salary, they had probably $400,000 come in the door, making 2021 the best year ever.”
