Home ownership or super: the true retirement wealth issue

Another review of the retirement income system has come — and it seems, gone — without clearly having achieved its (rather limited) mission to establish a common fact base.

For example, there seems no more agreement than before about the impact of, say, increasing the super guarantee on wages. Indeed, just three days after the release of the report, Paul Keating was on 7:30 arguing that the increase will come from “the profit share of companies”.

Many others, particularly in the industry funds sector, will similarly refuse to accept super comes from worker’s wages, not least because it is too ideologically uncomfortable for them to accept the increase they want will harm the workers whose interests they supposedly…