Our super funds could have cleaned up when the market crashed 40% and then rebounded by about as much. That they didn't says a lot about how hard it is to time trades.
Josh Frydenberg's review of the retirement income system will have to consider the growing hole caused by our decisions to delay buying homes for longer and longer.
The inquiry will find we force workers to sacrifice income, pay tens of billions in super tax concessions, and still pay out one in every ten dollars of government earnings on pensions.
The increasing national burden of the old age pension will ease if people are allowed to save more for their retirement, says UNSW Business School Professor Fiona Martin.