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.
Instead of matching long-term pension liabilities to long-term investments, investment markets fixate on short-term liquidity. Is a new approach now needed?
