Thanks to the language surrounding the reporting of the fourth Intergenerational Report (IGR4), those over 50 could be forgiven for thinking they are to blame for all the country’s misfortunes. Yet this is precisely the generation which the government thinks can help save our economy by simply working longer and expecting less.
After the warning that Australians ‘would fall off their chairs’, IGR4 has now been released. Is it the ‘bombshell’ we were led to believe? Here’s a breakdown of what it says and how it will affect your future.
You may feel overwhelmed by the prospect of a retirement funding shortfall, but understanding why it’s happened may help you redress the balance.
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