1
00:00:00,320 --> 00:00:02,800
Speaker 1: Okay, let's talk about superannuation, which I notice that we

2
00:00:02,880 --> 00:00:04,920
Speaker 1: are doing more and more frequently, and which I think

3
00:00:04,960 --> 00:00:07,880
Speaker 1: will probably become even more frequent as our population gets

4
00:00:07,880 --> 00:00:10,280
Speaker 1: older over the next few years. So it's come up

5
00:00:10,320 --> 00:00:12,879
Speaker 1: again because the boss of Milford Investments has given a

6
00:00:12,920 --> 00:00:15,640
Speaker 1: speech warning that this talk of taking it from sixty

7
00:00:15,680 --> 00:00:18,400
Speaker 1: five the pension age from sixty five to sixty seven

8
00:00:18,480 --> 00:00:22,479
Speaker 1: is simply not enough, and realistically we have to lift

9
00:00:22,480 --> 00:00:26,280
Speaker 1: it from sixty five to seventy two or maybe seventy three.

10
00:00:26,320 --> 00:00:30,360
Speaker 1: And apparently we aren't taking the unaffordability of superannuation seriously enough,

11
00:00:30,360 --> 00:00:33,879
Speaker 1: which actually I do agree with the latter part, that

12
00:00:33,920 --> 00:00:36,360
Speaker 1: we're not taking it seriously enough. About sixty years ago,

13
00:00:36,400 --> 00:00:39,280
Speaker 1: we used to have eight workers supporting one pensioner. Today

14
00:00:39,320 --> 00:00:42,479
Speaker 1: we've got half of that, four workers supporting every pensioner.

15
00:00:42,800 --> 00:00:44,920
Speaker 1: By the time I'm claiming my pension, it's going to

16
00:00:44,960 --> 00:00:49,280
Speaker 1: be two workers supporting every pensioner. That is completely unaffordable.

17
00:00:49,440 --> 00:00:51,440
Speaker 1: It will not work, We will not be able to

18
00:00:51,479 --> 00:00:53,519
Speaker 1: do it. But my prediction is that we are not

19
00:00:53,600 --> 00:00:56,000
Speaker 1: going to take this seriously until we see the government

20
00:00:56,040 --> 00:00:58,520
Speaker 1: starting to take this seriously, because unfortunately they are the

21
00:00:58,520 --> 00:01:00,920
Speaker 1: ones who have to lead here. They need to start

22
00:01:01,000 --> 00:01:04,240
Speaker 1: leading by example. If they want us to save money

23
00:01:04,560 --> 00:01:07,399
Speaker 1: by giving up years of our pension, which is what

24
00:01:07,480 --> 00:01:10,200
Speaker 1: the National Party will likely campaign on, then I'd like

25
00:01:10,240 --> 00:01:13,080
Speaker 1: to start see I'd like to see them starting to

26
00:01:13,160 --> 00:01:15,480
Speaker 1: save money as well. No more throwing money at the

27
00:01:15,480 --> 00:01:18,800
Speaker 1: sunny cocials of this world into my opinion, or to

28
00:01:19,040 --> 00:01:22,720
Speaker 1: in my opinion, silence possible criticism. No more giving billions

29
00:01:22,720 --> 00:01:24,920
Speaker 1: to Shane Jones to blow on businesses that can't stand

30
00:01:24,920 --> 00:01:27,280
Speaker 1: on their own two feet without government funding. No more

31
00:01:27,280 --> 00:01:30,160
Speaker 1: giving students a year of free tertiary education to buy votes.

32
00:01:30,480 --> 00:01:33,800
Speaker 1: When they start taking this so called silver tsunami seriously,

33
00:01:34,200 --> 00:01:37,480
Speaker 1: so will the rest of us. I suspect it's called compromise.

34
00:01:38,080 --> 00:01:40,960
Speaker 1: Until then, the pension remains the way that hard working

35
00:01:41,000 --> 00:01:43,720
Speaker 1: taxpayers who don't get all that other free government money

36
00:01:44,000 --> 00:01:47,440
Speaker 1: get back some free government money. For more from Heather

37
00:01:47,560 --> 00:01:50,480
Speaker 1: du Classy Allen Drive, Listen live to news Talks. It'd

38
00:01:50,480 --> 00:01:53,680
Speaker 1: be from four pm weekdays, or follow the podcast on

39
00:01:53,760 --> 00:01:54,560
Speaker 1: iHeartRadio