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The Forum > General Discussion > Aged Pensions, What Young People Think.

Aged Pensions, What Young People Think.

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Indy, yes I had superannuation, my wife comes from a forward looking country in NZ, and she collects her monthly superannuation payment.
The Australian Aged Pension for a couple is $1423.60, we live on less than that.

There is a saying; "Some people can live on $300 a week, others can't live on $10,000 a week!"
Posted by Paul1405, Tuesday, 5 May 2020 6:49:21 PM
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Paul,

I think many more will learn to live well on a lot less. they will have no choice.

for myself, I still have a lot of working years left before pension eligibility, but I hope to work a lot longer.
Posted by Chris Lewis, Tuesday, 5 May 2020 7:22:23 PM
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Hi Chris,

At what future age do you expect to be eligible for an Aged Pension, keeping in mind its 67 at present. My oldest who is 37, believes if he reaches pension age it will be 80, or 43 years from now.
Posted by Paul1405, Tuesday, 5 May 2020 8:38:36 PM
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Paul and Chris,

43 years to retirement: how many more Wuhan Bat Soup viruses away is that?

A lot can happen in that time. Did you see the news item today where China's strategic advisors have apparently advised the Chinese Communist Party bigwigs to prepare for international conflict in response to expected aggression from nations blaming China for the pandemic and its consequential damages and loss of life?

It is going to be very interesting to see how a post-Wuhan Bat Soup Virus world plays out.

I think China has only two options: either compensate the rest of the world for the damages and loss of life caused by the pandemic or exist in partial isolation from the rest of the world. In the first, China might offer to pay to be part of the world exchange system, but it won't pay anything worthwhile because China has a 'One Way! Our Way!' attitude. In the second, China would become an aggressive predator as it steals others' resources to achieve its Communist ideal of progress.
Posted by Mr Opinion, Tuesday, 5 May 2020 9:55:53 PM
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to achieve its Communist ideal of progress.
Mr Opinion,
Fifty years ago they could have achieved that with Australia's help headed by that Goaf !
Posted by individual, Wednesday, 6 May 2020 6:18:10 AM
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he should be doing okay with the rent?
Paul1405,
One would think so but he can't handle the fact that he's not entitled to a Pension.
It's a mentality far too many Australians are afflicted with !
Posted by individual, Wednesday, 6 May 2020 6:22:55 AM
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