this post was submitted on 08 Mar 2026
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'We've reached a breaking point': Is it time to tax older Australians more? (www.sbs.com.au)
submitted 6 days ago by okwithmydecay@leminal.space to c/australia@aussie.zone
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[–] DavidDoesLemmy@aussie.zone 2 points 5 days ago

"A couple who owns their home still needs a combined $730,000 in super to enjoy a comfortable retirement, according to the Association of Superannuation Funds of Australia.

"Around 92 per cent of Australians with super had a balance of less than $500,000 in 2022/23, according to data collected by the Australian Tax Office."

This is poor writing. It compares a retired couple with an individual of any (working) age. It's meaningless, but is meant to make you think most Australians won't be able to live a comfortable life in retirement.