The yawning gap in the plan to keep older Australians working

In the past decade a 30-year trend to earlier retirement has been reversed.

Plan to keep older Aussies working

There's a yawning gap in the plan to keep older Australians working

A key reason for deciding to retire has to do with getting tired at and through work, how that tiredness affects partners and families. www.shutterstock.com Andreas Cebulla, University of Adelaide

In the past decade a 30-year trend to earlier retirement has been reversed. In OECD countries the average age at which people retire has risen by about one to two years. In Australia the average age has risen from 64 to 65.6 for men, and from 61.8 to 64.2 for women.

For the Australian government, though, this isn’t enough.

In a speech last night, Treasurer Josh Frydenberg called Australia’s ageing population an “economic time bomb”.

Over the next four decades the number of Australians working and paying income tax for every person over the age of 65 would fall from 4.5 to 2.7, he said. The proportion of people over 65 in the workforce would therefore have to grow substantially.

The government needs people to keep working and paying income tax to offset spending on age pensions, health care and the like.

Its most obvious policy stick is to raise the eligibility age for the pension, which is now 66 but will be 67 in 2023. Raising it further, however, is something the government has rejected as not on the cards. Instead Frydenberg is talking about more training for older workers to keep their skills relevant.


Read more: How we could make the retirement system more sustainable


But my research with Mikkel Barslund, Jürgen Bauknecht, Nathan Hudson-Sharp, Lucy Stokes and David Wilkinson suggests this is a very small and unappealing carrot.

Our findings suggest there’s a limit to retirement ages rising organically. Because there comes a point where work, especially full-time work, just isn’t something most people want to – or indeed can – do.

The reason has to do with getting tired at and through work, how that tiredness affects partners and families, and the limit to which workplaces have shown themselves capable of accommodating the needs and preferences of older workers.

This is something that can only be addressed by dramatically reconfiguring work options.

The limits of job satisfaction

These conclusions are based on two studies into the experiences of older workers.

These studies have been based on data gleaned from two large European surveys, the Survey of Health, Ageing and Retirement in Europe (SHARE) and the European Social Survey (ESS). SHARE is a database of information on the health, socio-economic status and family networks of about 140,000 individuals aged 50 or older in 28 countries. ESS measures the attitudes, beliefs and behaviour of people in more than 30 nations. The demographics of these surveys means the results are relevant to the Australian population.

The first study used data from SHARE to model the link between the step into retirement, job satisfaction and the factors that shape job satisfaction.

The results found people happy in their jobs retired later than those who were less satisfied with their job and its working conditions.

That’s perhaps not a surprising finding. But what is interesting is that our modelling showed that, if every mature age workers’ job satisfaction was raised to its highest level, the effect on retirement would still be small.

It would add, on average, about three months to current retirement ages.

The effect was stronger for women and those with tertiary qualifications. If working conditions made them more satisfied with their job, they would spend an extra 9 to 12 months in work before retiring.


Read more: Keeping mature-age workers on the job


Job satisfaction is only part of the story, though. The second study, using data from ESS, highlights the obstacle of increasing tiredness to longer working lives. This is so because tiredness after work can adversely affect relationships with partners and families.

Interestingly, the significant factor in the perceptions of partner or family is not the number of hours worked but ability to determine a daily work schedule.

Those with greater influence over their working day were much less likely to find their partner or family “fed up” with their working beyond the time they could have retired. This greater control did not eliminate tiredness, but it appeared to help non-retirees better balance work with home life.

Tangible measures

Our studies do point to a few tangible things that can be done do to make working in later life more bearable.

Improved job satisfaction could come from reducing time pressures, minimising physically demanding work, better pay, skill development opportunities and more autonomy. In particular, greater flexibility over working hours would help.

These are things, of course, that might improve job satisfaction for any worker, regardless of age. But they are within the control of the employer, not the government.

So perhaps what Josh Frydenberg and the federal government now need to talk about is not just a narrow focus on education or training to help older Australians remain in the workforce for longer, but how to encourage better working environments for everyone, regardless of age, gender or occupation.The Conversation

Andreas Cebulla, Senior Research Fellow, South Australian Centre for Economic Studies, University of Adelaide

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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    COMMENTS

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    Anne
    21st Nov 2019
    11:38am
    Frydenberg can't stay in Parliament forever. One day in the future he, too, will be unemployed and wondering why no one will hire someone with his credentials. Perhaps he will be eligible to take his super by then; perhaps not. In any case, he will have to navigate the enormous gap between forced retirement and pension age. No one will hire him because he's considered too old. Wonder if he'll change his tune when the time comes...
    Alexii
    21st Nov 2019
    12:11pm
    I don't know, Anne. Frydenberg, like many of his ilk, will be voted out at some stage and will then receive a very good parliamentary pension that most of us would drool over. On top of this, as an ex-minister, he'll probably be offered some cushy and very well paid jobs. Of course, unlike the masses that he wants to work longer working lives, he won't need to be working when he is in is 60s and 70s.
    CarolAT
    21st Nov 2019
    12:17pm
    Anne, Frydenberg will be on a Parliamentary Pension. For example, since his defeat Tony Abbott now received $300,000pa. In fact, all retiring MPs are receiving pensions higher than their base salary and receive additional in loadings based on previous responsibilities. They also receive a Lifetime Gold Pass for travel. So, Frydenberg has some hypocrisy there because he is never going to be in the position of having to look for work when he’s 60.
    Arvo
    21st Nov 2019
    4:02pm
    That's not so Anne, the likes of Frydenberg will always get a job as Used Car salesperson, no doubt about it. but, the question will be , ' Would you buy a used car from this man?"
    Rosret
    21st Nov 2019
    7:45pm
    Not likely Anne. He has a super payout for life that is very generous.
    PJ
    21st Nov 2019
    12:01pm
    Where my wife teaches (a government primary school), a few years ago the principal posted an organisational chart with a green dot against every older employee - signifying that these people are considered surplus to requirements, too expensive to keep employing and need not apply for promotion at this school.

    This is the extent of the ageism in the workplace that older people face (probably past 50+ years of age). Note that this is in a government workplace where 'Human Resources' regulations supposedly work against this type of bullying, so imagine how this works in private industry!!!

    Needless to say, my wife is retiring in 4 weeks at 65 years and she is only just going to survive the year.

    Good luck with your brilliant ideas for keeping older workers in employment JOSH!!!
    Alexii
    21st Nov 2019
    12:16pm
    It would have been hard for your wife to keep teaching to age 65, PJ. It is such a stressful job. It mightn't be physically demanding but it certainly is mentally and emotionally demanding. While I retired from full time teaching in government schools at age 60 (I couldn't have lasted longer there!), I did casual teaching which, at times, was sheer hell until about 70. I hope she just leaves teaching and never does any casual work. Good luck!

    The likes Frydenberg would have no concept of what it is like.
    Jennie
    21st Nov 2019
    12:17pm
    That discrimination is appalling. I would think the teachers' Union would (should?) have something to say about those ageist green dots.
    PJ
    21st Nov 2019
    12:30pm
    The other thing about this is that you will have little idea about the ageism until you are faced with it yourself (makes you also appreciate how people must feel when faced with other more aggressive forms of discrimination).

    Also the point about the Teacher's Union - the numbers of young teachers in the Union now is virtually nil, so their influence has been effectively cobbled.
    Rosret
    21st Nov 2019
    7:47pm
    They won't even employ older teachers as they cost more than a fresh uni grad.
    GeorgeM
    21st Nov 2019
    9:23pm
    PJ, regarding your comment "Note that this is in a government workplace where 'Human Resources' regulations supposedly work against this type of bullying, so imagine how this works in private industry!!!" Alexii also to note:
    In private industry, it is a jungle out there with discrimination widespread - especially based on age, race, origin, colour, etc. Surprisingly, maybe thanks to feminists, females are doing quite well, in fact far better than the other categories I mentioned.

    I can't see the above situation changing, so Josh F needs to just put a sock into his mouth and stop pretending the country gives a fair go to older workers or job applicants. He is precisely the type of person (too young) who has NO understanding of the situation in the real world. When a Senior Manager hires a young chappie below him as a Manager who will not answer back or threaten his own role, then that young bloke WILL NOT hire any older person below him / her who may be more experienced and smarter than him / her! Now look at which companies have young CEOs (CBA comes to mind immediately, many more) and you can see what's the future there.
    GeorgeM
    21st Nov 2019
    11:53pm
    I should have mentioned religious views as well - we all know the Folau case which had nothing to do with his rugby performance or any actions by him against the rugby game or administration.
    jaycee1
    22nd Nov 2019
    9:59am
    PJ, 2 years ago I worked in a hospital and wanted to do 'transition into retirement' after an accident. I worked Monday to Friday and was wanting to cut back to Tuesday to Friday - Monday being our quietest day and one of the other staff members was willing to work that day.
    It was knocked back because 'they needed a full time person doing my job'. Worked to retirement age then handed in my notice. Apparently the place is a mess now.
    Yes that is blowing my own horn, but I had been there 25 years and knew the work inside out. It is a very, very busy place where you needed to be able to think on your feet and solve problems almost instantly.
    Nomad1946
    21st Nov 2019
    12:17pm
    Funny that. Josh has only worked in the Public Service ... never worked in the real world in either an office, on the road in sales, at a work site as a tradie.
    Hence has zero understanding nor knowledge of the “pressures” creating “tiredness” mentally nor physical “tiredness” .... methinks he needs to vacate his ivory tower in Canberra’s wonderland and soend a year or two working in a REAL job.
    Farside
    21st Nov 2019
    8:48pm
    Fake news. Frydenburg has briefly worked at Mallesons and Deutsche Bank as well as a stint as a jackaroo.
    Robert
    21st Nov 2019
    12:19pm
    There is age discrimination in the workforce which PJ knows. Even with the extra training this occurs. Also, Some people finish at 65 and therefore will be on Newstart until the retirement age which will eventually be 67 soon. The government has saved spending money as Newstart is less than retirement.
    older&wiser
    21st Nov 2019
    1:17pm
    I have been asked - 'why would someone your age want to work?' 'Can you lift items?' (hobby is horse riding, so I lug around bales of hay, bags of 30 kg chaff, tow horse floats, caravans, etc). 'How would you handle someone younger giving you orders?' 'Will you get tired working a 5 hour shift'? Even - 'are you comfortable driving at night?'After 2 years, over 250 applications plus cold calls without a hint of a job - happily will no longer apply. A total waste of time. Why go to all the trouble when I know I don't stand a chance? Funny how my resume is often described as - 'you are exactly what we are looking for'. That is, until they see me. I DO dress and present well, I am NOT the hunchback of Notre Dame - but the minute they see you are senior - the interview is finished.
    Anne
    21st Nov 2019
    2:23pm
    I have to agree with older&wiser. I was on Newstart for a couple of years. Did my job apps diligently. I got three interviews and no responses to any other apps. The three interviews were all conducted by people who were merely interested in me telling them about how my former workplace operated, so they could possibly implement ideas themselves. They had no intention of hiring an old chook, no matter how well-qualified.

    I have not been on Newstart for the past year. However, my savings will not stretch beyond more than a few more months. I've enjoyed the respite, but am hoping to find that unicorn employer in the meantime.
    floss
    21st Nov 2019
    12:47pm
    Let Slow Mo.lead by example and work then retire as most Australian do.What a bunch of arrogant mongrels they have become since their election win.The Labor party have to lift their game as well and try to help pensioners.
    cupoftea
    21st Nov 2019
    1:19pm
    Fryburger & his onions keep throwing out something every week by doing that we forget that they could not run a p..ss up in a brewery
    johnp
    21st Nov 2019
    1:44pm
    Basically where Frydenberg says :
    ""Over the next four decades the number of Australians working and paying income tax for every person over the age of 65 would fall from 4.5 to 2.7"
    Is really a lie because it ignores the growing cohort of self funded retirees !! The govts since the 1970s discontinued and stole the funds put aside for everyone to receive a universal aged pension !!
    Mariner
    21st Nov 2019
    1:48pm
    Thanks johnp for reminding the younger readers of that fact. Let's not forget that ever.
    Captain
    21st Nov 2019
    4:28pm
    John, let us not forget that the average population growth in Australia between 1946 and 1964 (baby boomer generation) was 200,000 per annum. The population growth from 1980 to 2005 was about 300,000 per annum.

    So the figures tell me there are 100,000 more people who could be paying tax than those retiring.

    I suppose the way the questions are phrased by the Government to Treasury will give them the answer they want rather than the truth.

    The above averages are from Bureau of Statistics.
    GeorgeM
    21st Nov 2019
    9:28pm
    Quite right, johnp. Lies from politicians - what's new. Must keep reminding them the tax rate still includes the contribution for paying age pensions.
    Mariner
    21st Nov 2019
    1:46pm
    How come we oldies should work longer years when youth unemployment is high? Let the surfer boys do their bit not us oldies. All the boys and girls daily in our surf around here cannot be on night shift, too many of them. Reason might be that the age pension is higher than the dole and the oldies are easier to kick. Let us stop kicking that old can around along with the family home inclusion stories. These issues are getting to be a bore.
    KSS
    21st Nov 2019
    1:48pm
    Perhaps he means training of employers in the benefits of employing and retaining people over 65!

    Oh and what is Mr Frydenberg going to do about the little matters of workers comp insurance, income protection insurance, even life insurance all of which peter out the older you get.
    patti
    21st Nov 2019
    2:50pm
    We don't all leave our jobs by choice. I was made redundant at 57, tried to get another job but no luck. I believe many bosses are prejudiced against older workers. At 75 I don't want to be in the workforce, but I was a highly qualified social worker and could have had another 10-15 years after that redundancy. The culture needs to change if people are expected to work for longer. Otherwise nothing will change
    Rusty
    21st Nov 2019
    3:08pm
    After 25 years of working shift work I was tired of being asked when I was going to retire, young bosses don’t like older workers.i retired at 68 and have never been out of work since I was 18, Josh can go jump for my money ...
    inextratime
    21st Nov 2019
    3:44pm
    LOL....Josh is joshing. I applied for a job when I was 56. The agency told me the company wanted somebody urgently and I ticked all the boxes, could I get down to the office and go through a formality interview. They were not allowed to ask my age. I jumped on a train for the 40 minute journey to town. When I got there they weighed me up and down then advised that the job had already been taken ! I worked until I was 67, then management suggested I leave as they thought I was 'getting on a bit" . I refused but the new 'work load' they had for me would have sent me to an early grave. I had no choice but to quit. I hired a solicitor who advised I would win a court case but it would cost me more than I would be compensated. Josh, you need to get out there son.
    panos
    21st Nov 2019
    4:00pm
    64 nearly 65 and still working have been since I was 14 full time only break was 2 weeks in between last 2 jobs.

    All up had 4 jobs....and will keep working till when ever
    panos
    21st Nov 2019
    4:02pm
    I just wish at 65 your tax paid went into super instead of the govt coffers then I would be able to retire with some money
    Triss
    21st Nov 2019
    4:04pm
    Josh Frydenberg insists that feedback is valuable to him and response is a priority. I’m going to check his statement and write to him. I’ll post his response. Might be a good idea if others did the same thing. Let’s fight a tsunami with a tsunami.
    Sundays
    22nd Nov 2019
    9:30am
    Triss, when you write to a Minister, your letter goes straight to their Department for response. Then to the Ministers Office for signature after vetting by Ministerial staff. Josh himself will never see it unless there is a huge amount of letters on the same topic ie a tsunami. Expect your response to contain political/government speak
    Mature Graduate
    21st Nov 2019
    4:49pm
    I currently volunteer and have to take orders from a 25 something?? I don’t recommend it.. I am only happy to continue in this role as I provide much assistance to seniors and others and I receive positive feedback. As a senior, I provide good logic, common sense and vast experience. Being an older Australian, we should be valued. (As is the case in many other countries.Josh Frydenberg’s article is grossly inaccurate disrespectful and humiliating. To all older Australians.
    Glen48
    21st Nov 2019
    6:35pm
    How do we know the jobs are there ..soon 50% will be unemployed or installing robots,
    Supermarkets in Japan have no staff all done online.
    Mariner
    21st Nov 2019
    7:03pm
    Was in Japan last September, but in the country, not Tokyo. All old fashioned supermarkets, not even self check out. Everybody was friendly and took cash not cards. Was rather surprised to see that, before I went everyone told me differently. One thing is certain - you can get almost anything in dispense machines. Wanted a couple of beers after arriving in Tokyo, the hotel receptionist sent me to a dispenser to get the cans. Icy cold! He explained the bar closes after a certain time - a beer 500 yen ($A7).
    Aussie focussed
    21st Nov 2019
    7:59pm
    So they destroyed the manufacturing and car industries, they reduced tariffs to zero, they sell degrees with a citizenship, they bring in thousands of non english speaking so called refugees, they bring in more people under 451 visas and with all the associated unemployement and wage growth stifling outcomes they say work harder and longer!! Hold on, their strategies created all these problems the country faces, it didn't like just happen. We have paid our private health to build hospitals and subsidize our future yet still no bi partisan policies. Notice how Labor is so quiet and how quickly this policy appeared and disappeared. Be warned and be afraid it isn't over. By the way how long does a 'refugee' have to wait for welfare and how long does an unemployed mature person have to wait for welfare?!!!
    Mez
    21st Nov 2019
    9:11pm
    He has no idea of reality! ABSOLUTELY NOT!
    As a trained nurse and secondary school teacher trained, I know that most over 60 ARE NOT ABLE TO WORK DUE TO BAD HEALTH AND INSURANCE COMPANIES DO NOT ALLOW ANYONE OVER 60 TO HAVE INCOME PROTECTION INSURANCE!
    THAT SPEAKS FOR ITSELF, JOSH!
    There are people like myself nearly 70 who are working but only because they are accustomed to higher salaries than the pitiful age pension provides which is well below those in other lesser developed countries!
    Nursing in the 60's and 70's have had their toll on my lumbar spine because of lifting overweight patients when there was no lifting machines so I cannot work fulltime.....too painful.
    Friedenberg needs to do his research and grant us high age PENSIONS first and foremost!
    KSS
    22nd Nov 2019
    7:10am
    YOU may not be able to work full time because of poor health but that does not apply to MOST over 60s at all. Such generalisations do nothing to help the cause of those over 60 who can and want to work and simply promotes the ageist attitudes people here are rightly complaining about.
    Worked hard to retire
    21st Nov 2019
    9:59pm
    Typical suit & tie worker , I bet Josh wouldn't know what its like to do a hard days physical work.
    Most people who do hard physical jobs are lucky if they can still work after 60 ie shearers , Brickies , mechanics etc , to name a few.
    Why does this government persist on picking on the elderly , pensioners etc , make your blood boil.
    Surely Governments can plan better than this . its not like we have all aged in the last two years, thank god Paul Keating had some foresight or we would all be stuffed .
    The government needs to increase there income to pay for future pension . corporate companies need to pay more tax as they pay minimal and perhaps cut out the million dollar perks that the politicians gain in retirement .
    Wealth needs to be distributed equally .
    Worked hard to retire
    21st Nov 2019
    9:59pm
    Typical suit & tie worker , I bet Josh wouldn't know what its like to do a hard days physical work.
    Most people who do hard physical jobs are lucky if they can still work after 60 ie shearers , Brickies , mechanics etc , to name a few.
    Why does this government persist on picking on the elderly , pensioners etc , make your blood boil.
    Surely Governments can plan better than this . its not like we have all aged in the last two years, thank god Paul Keating had some foresight or we would all be stuffed .
    The government needs to increase there income to pay for future pension . corporate companies need to pay more tax as they pay minimal and perhaps cut out the million dollar perks that the politicians gain in retirement .
    Wealth needs to be distributed equally .
    MICK
    21st Nov 2019
    10:11pm
    Rhubarb rhubarb rhubarb.
    This is all about screwing those who have served their country and who need to retire because they cannot continue at the unsustainable pace employers have set. The reason: this government has to pay for the tax cuts it is giving the wealthy.
    How does it feel to realise you are being used as fodder to give people who have no need of more money a heap of money coerced from retirees? Its not done anywhere else on the planet other than here and most other countries pay a pension because that's what those who have contributed to the wealth of their country deserve. Here we get the lies and talk about "entitlements". See it for what it is: CORRUPTION AT WORK.
    aussiecarer
    22nd Nov 2019
    12:08am
    The government has it all back to front – they should be reducing the age people leave the workforce and receive income support – not increasing it! They should be offering people over 50 an "early retirement allowance" if they voluntarily stop being an employee. And everyone over 50 who is currently an employee should be eligible for this early retirement allowance - regardless of their assets and means.
    How could the early retirement allowance (or ERA) be funded? By trimming wasted expenditure. Where from? Well for starters, the government currently wastes billions of taxpayer dollars funding eclectic job creation programmes, Centrelink and welfare agencies that cater for people who don't have enough work. If just half of the people eligible for ERA voluntarily left the workforce, this would create hundreds of thousands of additional P/T and F/T jobs for younger Australians who have plenty of energy but limited income and job opportunities. It would also help middle aged employees - they would be promoted into vacated senior roles and get the pay rises they need to pay off their mortgages and debts. Soon they would be able to start buying the luxuries they wanted - further stimulating the economy. Meanwhile eager young people would get a chance at their first real paid job - and finally be free of Centrelink allowances. I’m not saying over 50’s should be forced out of their jobs. But they shouldn’t be forced to remain in their jobs either.
    Most young people have little savings. How can they save for a car or a house when their only income is unreliable casual work or the $30 a day that the government gives them to study. In contrast, many working over 50's have reasonable savings but they are time poor.

    Giving over 50's free time to enjoy their savings, renovate their homes, take up hobbies, invent, travel, pursue dreams, or start businesses would stimulate the economy. Meanwhile the formerly underemployed young workers could start saving for their first car, their first house and the other things the older generation already have. (And they could move out of their parents homes and start renting the investment properties that belong to the over 50's.)

    The economy is stagnant and needs a solution like the ERA to get things moving again.

    I agree that being over 50 can be a barrier to obtaining a job, but I don't think most older workers realize that workers of all ages are struggling to find sufficient work in Australia at this point in Australia's history. Hundreds of thousands of young Australians are currently on study allowances because they can't find work. The government is paying these young people a pittance allowance of around $30 a day to “complete yet another TAFE course or study yet another degree at uni”- just so they aren't included in the national "unemployed" figures. Older workers don't realize how serious the problem of youth unemployment and youth underemployment really is in Australia. Underemployment across all age groups is at an all time high in Australia - even though the official figures don't acknowledge this. Underemployment is the real reason why economic measures like mega low interest rates aren't stimulating the economy.

    Older workers also don’t realize they have a definite advantage over the young when they are applying for vacancies. If an older worker with experience and a young person with qualifications both apply for an advertised role like a handyman/gardener, the older person might get upset when they are told they are "too old" in an interview. But at least they got as far as an interview. The young person usually doesn’t even get an interview.
    Many young people feel like they're perpetual students. They are tired of having to study to avoid being unemployed. They desperately want work. The farcical employment agencies claim that work experience will give them a foot in the door, but they've completed 100s of hours of work experience (aka worked for free for different companies) and can't even get a big toe in the door. One young person I know worked voluntarily for a company for 10 weeks, hoping to get a horticultural apprenticeship. When the apprenticeship was advertised, there were 600 applicants for the position, and a mature age worker got the apprenticeship. Another young person I know spent four years at university. Since graduating and all he can find is a few hours a week work as a carer. He can’t even pay off his student debt. But according to the government he’s employed - apparently anyone who has more than 1 hour a week of work in Australia is “employed”.

    Clearly the current strategy sucks. Young Australians with loads of energy who want to work are being forced to keep studying. And older Australians who are low on energy and want to retire are being forced to stay in work.

    An early retirement allowance wouldn't suit everyone who is over 50. But it would suit over 50's who are tired of the stress of working ; it would suit those who need to rest to restore their health. And it would suit those who dream of starting their own business - they could pursue their dreams knowing that the ERA would pay their everyday bills.
    KSS
    22nd Nov 2019
    7:17am
    50 is not old and even 20 years ago people retiring at 50 were considered the exception. There are many of that age these days with teenagers still at home and studying. I think you need to add at least 15 years to your argument for payments to older people. It is not for the Government to subsidise early retirement just so people can enjoy their savings and have a good time!

    And for the record, there is already help available for those wanting to start their own business but I believe this may be a state based program. In fact the highest growth in small business is among those over 50!
    Robert
    22nd Nov 2019
    6:58am
    Watch out people. I believe that the Liberal Party when Howard was Prime Minister wanted to eventually raise the pension age to 70. This would lead to people having to live on Newstart which is less than the pension for many years. Raising of the pension age to 67 has been the first step. There does not appear to be any opposition to this from other sections in the Federal Parliament. We are getting softened up.
    Mariner
    22nd Nov 2019
    11:03am
    Might have been Howard's plan who Knows? The raising of the pension age to 67 was squarely the work of Kevin 07, no discussion about it just suck it up! This mob might lose the next election like Howard did and then the new mob will shift the pension age to 70 like Rudd did to 67 after Howard's defeat in 2007. Indeed, watch out, they are thinking the same way.
    Farside
    22nd Nov 2019
    4:15pm
    the demographic changes and increasing lifespans were being researched and discussed throughout the 90s and nothing has changed to slow these predictions becoming the new reality. Retirement age will necessarily increase to 70 as sure as night follows day, it is only a matter of when not if.
    Priscilla
    22nd Nov 2019
    1:40pm
    It is gratifying to work as long as you can, PROVIDING you have good health and not doing a manual job. I worked full-time to age 77 but had an office job, good health and all my faculties. Sadly there are no jobs available for people, both young and old. Jobs need to be brought back to Australia that are now offshore. This is one way to fix the problem of jobs. Before jobs went offshore there was a lot of manufacturing etc., and now there is nothing. I fear for the future for both young and mature people looking for non-existent jobs.
    ex PS
    24th Nov 2019
    8:41am
    What it boils down to is the muppets in government can't manage the economy. They probably could, but it would involve upsetting their rich campain donners and risk not winning the next election. We aren't capable of voting for politicians that tell us unpopular truth or are percieved as taking away benefits, even if we aren't really affected by it.
    We can sit back and take shots at politicians, but we have to take responsibility for how and why we vote. Lies only work if people are willing to believe them.
    The days of voting along Tribel lines have to stop, we have to look at policy and performance and vote with our brains.
    midnight
    25th Nov 2019
    9:19pm
    That's the most ridiculous statement I have ever heard. Frydenberg is an idiot avoiding the elephant in the room. Check out the statistics for the number off mature age individuals volunteering, CFA, baby sitting, local churches, small town Information Centres, Meals on Wheels, etc. Force that 1,000,000 mature age people to get a paid job and the whole volunteer situation will implode. Who's going to do that work then.. oh maybe someone will have to be paid.


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