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Volatile sharemarket causing super stress
Manage episode 476688934 series 3581491
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The share market has been on a ride wild, with each day bringing headlines of record-breaking gains or declines, depending on whatever it was Donald Trump said next.
But beyond the headlines there was some genuine cause for concern, particularly here in Australia - a nation that relies so heavily on the stock market to fund the income of its retirees.
Infact, superannuation is the basis for about 75 percent of all retirement income, with the rest being mostly derived from government pensions.
So, has the past week given some pause to reflect on how we might do things differently?
GUEST:
Brendan Coates Economic Policy Program Director with the Grattan Institute.
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