Is there an appropriate age to open up about the superannuation system? A recent study commissioned by Australian Institute of Superannuation Trustees show that Generation Y – on the average, are starting to talk more about superannuation as early as 24 years old as compared to pre – retirees, who thought about superannuation at a later age, at 42 years.
Women in particular should be more concerned as they are more likely to be affected due to the gender pay gap and career breaks. The current pay out for superannuation for men is $110,000 while women contribute a measly $37,000. While it is often encouraged to promote financial literacy at a young age, and as much we deny it, superannuation is an integral part in securing ones future. What better time to start than now?
Read more about this on the Women’s Agenda website.
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