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Age Pension. Money - Sydney Morning Herald

Updated: Jun 4

Worried about no age pension in the future? Don't Be
Worried about no age pension in the future? Don't Be

Sydney Morning Herald, May 7th 2014


With the pension age increasing and a potential flattening out of the property market, Generation Z - those born from the mid 1990s - might have a tougher time than previous generations building a nest egg.


With the first crop of this age group now entering the workforce and making compulsory super contributions, this generation, the first purebred digital natives, is going to have to start thinking about investment strategies.


But unlike previous generations, research shows saving for a home isn't a high priority. According to a survey released by ME Bank in February this year, only 24.7 per cent of young singles intend to buy a home they will live in as owner-occupiers.


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