Age pensions: An unbearable burden for the tax payers?

Old couple

Old couple Source: Attribution: Pixabay / Huskyherz Public Domain

A new report from the CIS has found the cost of the pension per worker has doubled since 1970 and the full rate of the pension is now seven times what it originally was.


The CIS report recommends that the family home be included in the pension assets test - as well as lifting the age at which the pension can be accessed in line with rising life expectancy.

 

Economic expert, Charly Rios, comments this findings.






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