this post was submitted on 02 Apr 2025
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Australia soon to be second in world for retirement savings as superannuation pool soars (www.abc.net.au)
submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]
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Australia currently spends around 2.3 per cent of our GDP on the aged pension, but that figure is falling (gross domestic product (GDP) is the value of all the goods and services created in a year).

"It'll go down to around 2 per cent by 2060," says Ms Delahunty.

"This is against a backdrop of an aging population with increased health needs.

"It's bucking the trend internationally. Most OECD countries are [spending] 9 per cent and growing, and they will be above 10 per cent by 2060."

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[–] [email protected] 2 points 1 week ago

Remember to not blow it all away at the fruit machines