Young generation opt to invest than save in Superannuation

Have the younger generation lost faith in Superannuation? Cassandra Macolino from William Buck has raised concerns that younger investors would rather put their money elsewhere. She further adds that the investments outside of super are not even enough to retire comfortably.

If super is that important, what’s turning off the younger generation? For one, changes in super have created skepticism among the younger generation. Moving the retiring age for the future is also not helping, as it delays access to their funds. The government has to step in and make the changes necessary to make super appeal to the younger generation. Otherwise, we’re headed to another age pension disaster.

Read more about this on the Wealth Professional website.