A new study shows that one in three workers in these age groups could be falling behind in building their nest egg.
More than three in 10 workers in their 20s are missing out on unpaid superannuation, new data shows. The problem of unpaid super — which impacted 2.8 million Australians in one year — leaves the average affected worker $30,000 worse off in retirement. Modelling by the Super Members Council , a peak body for super funds that return profits to members, shows that in the financial year 2021-22, 2.8 million workers missed out on $5.1 billion in their super entitlements.
Around one in three Australian workers in their 20s, 30s and even 60s are likely to fall behind in building their retirement fund because their employers are not making the correct contributions to their chosen fund. Nearly 31 per cent of workers in their 20s and 28 per cent in their 30s are likely to be impacted. This report has grim news for workers looking at retirement too. Almost 28 per cent of Australians in their 60s are also more likely than average to be impacted by unpaid super.
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