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Superannuation perils.(Letters)(Letter to the Editor)
SIR: Further to your much-needed leading article (December 2003) on the subject of superannuation, has anyone built a proper modal of the long-term consequences (or even viability) of 10 to 15 per cent of salary/wages income being paid into super funds which must then earn their income from investing in businesses that need to generate sufficient profit? This model needs to include the declining working population and increasing longevity. I notice that Germany and Italy are seeking to increase retirement ages, and this may help. I ...
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Source: HighBeam Research, Superannuation perils.(Letters)(Letter to the Editor)