Superannuation won’t solve the housing crisis
Welcome to Part III of the Hello Humans Superannuation special, in which I put forward a number of solutions that are more effective than letting people raid their retirement fund to pay for a house which many believe is an Australian birthright. If you missed them, you can read Parts One and Two here and here.
Cracking open our Super funds has become a lazy alternative to actual solutions for the housing crisis.
Aside from the fact that raiding Super will only push up prices and deepen the crisis that will inevitably occur, it highlights how deeply flawed Australia’s economy has become, that we must rely on property for income, instead of, you know, a job that supports the present cost of living and that is substantive enough to encourage salary sacrifice for a comfortable retirement.