“We looked at getting some super out to pay for at least a month's worth of mortgage. We've just taken out the necessities now to get us through life and COVID.” – Erin Brooks, who had her work hours reduced. #abc730 #coronavirus #super @DanConifer
So far more than two and a half million Australians have withdrawn over $34 billion from their super savings. But that short-term gain could lead to financial pain in retirement. #abc730 #coronavirus #super
According to analysis from @Sydney_Uni’s Business School, withdrawing $20,000 from super amounts to about $50,000 less in 30 years. #abc730 #coronavirus #super
“Those that get quickly back into the workforce & are able to keep earning might be able to replace those funds quickly. For others, if they’re looking at an extended period of unemployment then it will be quite difficult to replace the savings.” – Prof Susan Thorpe, @Sydney_Uni
"For so many Australians the early release of super scheme has been a lifeline.” – @SenatorHume, assistant minister for superannuation. #abc730 #coronavirus #super
“Frankly, no worker expects to get a wage increase next year. The only people who are going to get anything are the people who are going to get the superannuation guarantee increase.” – @StephenJonesMP, shadow assistant treasurer #abc730 #coronavirus #super
“The reality is I had no choice. I wish I had a choice. And it upsets me to be honest that so many of us were forced into dipping into our super.” – Justine Coleman #abc730 #coronavirus #super
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