Archive: Julie Agnew
The brief’s key findings are: Australia’s retirement system has two key components: a means-tested government benefit and a mandatory savings account financed by employers. The government benefit provides a basic income, and about three quarters of retirees qualify. The savings accounts require employer contributions of 9 percent of pay for each worker, rising to 12…
The brief’s key findings are: One reason young workers don’t save for retirement is that the event is so far off. An experiment to boost their saving tested different ads: abstract or concrete wording (“why you should save more now” vs. “how you can save more now”); and a short- or long-term savings goal (“how…
