Who is going to pay the aged pension?
Hi, this is Lynette, a Relationship Manager from Premium Finance Services. I found this article interesting and especially hope that the ‘baby boomers’ take it on board.
People of Retirement age will out number young adults by 2.1 within the next 5 years. The number of Aussies aged between 60-74 will be double the number of people aged between 25–39 by 2014, by then us oldies will eclipse the 10-24 years old age group by four times. It just makes me wonder who is going to assist the government in paying the aged pension for about 70% of “ baby boomers ”. It amazes me that my age group (the new 40’s) the old 50’s, still think that the Aged Pension is a God given right, but where is the money coming from. I’m with Tom Cruise on this one - “ SHOW ME THE MONEY “ !!!
July 16th, 2010 at 1:47 am
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