Wealth and Superannuation

As the ‘baby boomer’ generation begins to retire, there is greater awareness that public monies will be insufficient to provide a comfortable retirement to everyone from their late sixties until death. Australia’s compulsory superannuation system is based on the idea that every employed person should save part of their earnings for retirement. Wealth accumulated over one’s lifetime, in the form of superannuation, housing or other savings, can greatly improve a person’s standard of living in retirement and reduce reliance on the age pension.

Wealth, including wealth in superannuation, tends to be less evenly distributed than income, with the bulk of assets concentrated in the hands of relatively few households. Understanding the factors that are associated with wealth accumulation and the distribution of wealth are essential in ensuring that more Australians can enjoy a comfortable, self-sufficient retirement.

NATSEM’s research in this area focuses on patterns of accumulation of superannuation and wealth over time, and the distribution of superannuation and wealth over the population including estimates for Australian communities. Current and previous clients in this area include AMP capital, Association of Superannuation Funds of Australia (ASFA), CPA Australia and the Brotherhood of St Laurence.

For further information on wealth and superannuation research at NATSEM contact Marcia Keegan (02) 6201 5310.

Recent Publications

Showing latest publications from the Research Area 'Wealth and Superannuation'.

Preview of file download for 'AMP.NATSEM Income and Wealth Report Issue 38: Buy Now, Pay Later'

Publication Date : December, 2015 | Publication Type : Report

AMP.NATSEM Income and Wealth Report Issue 38: Buy Now, Pay Later

B Phillips and Matthew Taylor

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