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Average Australian wealth: 30-year-olds $40,000 worse off than last decade, warns Shadow Treasurer Jim Chalmers – NEWS.com.au
Average Australian wealth: 30-year-olds $40,000 worse off than last decade, warns Shadow Treasurer Jim Chalmers
The average 30-year-old is $40,000 worse off today than ten years ago as a result of low wage growth and a freeze on the superannuation guarantee over the past decade.Labor’s treasury spokesman Jim Chalmers will make the claim in a speech in Brisbane warning the Liberal Party is gearing up to do it all again and rip off worker’s promised super increases.
But while the Morrison Government has presented the looming debate as a choice between higher wages and higher super, Labor will argue the evidence…
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