Average superannuation balance surpasses $183,000
Australia's superannuation system faces scrutiny as average balances reach $183,000 for the first time. One Nation advocates for early access to super funds to address cost of living pressures, while the Liberal Party questions whether compulsory super has adequately reduced reliance on the age pension. Financial expert Christian Bayliss argues the system offers only 2-3% better returns than non-super investments despite locking funds away for 40 years, and highlights structural inequalities affecting women who contribute more but receive less due to career breaks for caring…
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