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How COVID-19 will stunt superannuation growth over the next 20 years – The New Daily
The coronavirus pandemic will continue to affect superannuation balances for two decades with overall balances likely to be 30 per cent below expectations
The coronavirus pandemic will continue to affect superannuation accounts for two decades, with overall balances likely to be 30 per cent below expectations by 2040, according to new research.
Super research group Rainmaker found that “prior to COVID-19 Australias superannuation savings were projected to climb to $10 trillion over the next two decades.”
“But COVID-19 has seen this figured revised down to $7 trillion,” the company cautioned.
That significant drop means super balances will be 30…
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