Debra had 'minuscule' super and still renting at 60 despite working hard her whole life — so she packed it all in, bought a van, and hit the road.
Australia's wealth inequality will be made worse by the government's new super tax concession, according to research by The Australia Institute.
But that birthday came and went and the grandmother was still working as a nurse, still renting, and still struggling to accumulate the super she needed.She walked away from the career she had once loved, bought herself a campervan with some of her super, and set her sights on travelling around Australia with her little dog."I can't afford to do this really, but figure I can't afford not to.
Debra Moxon has left her job and is hitting the road full time with her dog to see Australia rather than keep renting.While it is a good seven years before Ms Moxon is eligible for the age pension, she said she "definitely" will not have enough superannuation for retirement.The concessions, which will be given to those who make voluntary contributions to their super, will overwhelmingly benefit high-income earners, the report said.
"When you've got a situation or retirement policy based on how things were in the 1980s and the 1990s, it may be time to change the way we think." "Here I am and you just think, 'All that work, and it's still not going to be anywhere near enough to retire on.'Debra had put off her dream of hitting the road for years, but recently used her super to buy a campervan so she could finally do it.Mr Jericho said the system needed to be rethought, as other elements like the cost-of-living crisis and Australia's ageing population come into play.
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