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    Retirement Incomes in Australia in The Wake of The Global Financial Crisis

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    Retirement incomes in Australia were impacted by the global financial crisis but the country's retirement system provided some protections. The means-tested Age Pension helped insulate current and future retirees from downside risks of the market shocks by supplementing private retirement benefits that declined. Lower asset accumulation during the crisis will lead to reduced private retirement incomes in the future but the Age Pension will continue to provide baseline support.

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    Retirement Incomes in Australia in The Wake of The Global Financial Crisis

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    favoureit
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    Retirement incomes in Australia were impacted by the global financial crisis but the country's retirement system provided some protections. The means-tested Age Pension helped insulate current and future retirees from downside risks of the market shocks by supplementing private retirement benefits that declined. Lower asset accumulation during the crisis will lead to reduced private retirement incomes in the future but the Age Pension will continue to provide baseline support.

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    Retirement incomes in Australia were impacted by the global financial crisis but the country's retirement system provided some protections. The means-tested Age Pension helped insulate current and future retirees from downside risks of the market shocks by supplementing private retirement benefits that declined. Lower asset accumulation during the crisis will lead to reduced private retirement incomes in the future but the Age Pension will continue to provide baseline support.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as rtf, pdf, or txt
    5 views1 page

    Retirement Incomes in Australia in The Wake of The Global Financial Crisis

    Uploaded by

    favoureit
    Retirement incomes in Australia were impacted by the global financial crisis but the country's retirement system provided some protections. The means-tested Age Pension helped insulate current and future retirees from downside risks of the market shocks by supplementing private retirement benefits that declined. Lower asset accumulation during the crisis will lead to reduced private retirement incomes in the future but the Age Pension will continue to provide baseline support.

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    Retirement incomes in Australia in the wake of the global financial crisis - H Bateman

    P30 Aust retirement savers and retirees aren't immune to global financial & economic shocks But! These crisis conditions showed the advantages of Aus retirement income system's eg the means-tested Age Pension provided downside protection against the recent market shocks, both for current retirees, & for future retirees whose lower accumulation today will lead to lower private retirement benefits in the future

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