New research from ASFA shows Aussies aged under 30 tend to have more money in their super accounts than their bank balances but 40% have no idea what their super balance is and a further 16% have only a vague idea. The good news: ASFA is giving away $1000 for a young Australian.
Despite the instant gratification that people may get from accessing their super to buy a home, it is an impossible dream given the objective of super. Super is becoming a $2 trillion political football but it is a giant insurance policy for our retirement not a giant water hydrant to put out a fiery property problem.
Nearly half of Gen Y say now is the time to start thinking about super, according to surprising new research.
There’s always been plenty of debate about why younger people can’t enter the housing market, and in recent weeks it has kicked up a gear.
Cash-strapped first home buyers are renting where they want to live and buying where they can afford. It’s called ‘rentvesting’.
When you’re 20, you’re a long way off retirement. But when that times you want to make sure you’ve got enough. What can you do for your super in your 20s?
A new product aims to make insurance more attractive to millennials. Underwritten by Suncorp Bank, the Trov app allows customers to insure single items.
Should Gen Y be worried about their financial future? Money asks Katie Acheson and Mark McCrindle and receive two opposing views.