With the single aged pension @ $944.30/fortnight, the elephant in the room is, is this level of payment sustainable into the future?
Paul1405,
I fail to see why it couldn't if everyone pays 10% towards an old age pension & Govt Superannuation isn't subsidised by taxpayers. Superannuation could be contributed to by 15% or more. Voila !

$500 a week plus other benefits / rebates is not a bad deal as long as one doesn't need to pay rent.

Everyone should own their home on retirement and live in it for as long as possible.

And keep working as long as possible. Unfortunately most people see work as something to be avoided (no wonder we have to bring in millions of Chinese.)

Only a dork would want to sell their house (to the Chinese) and live in a retirement village with a lot of other dorks, all sitting around waiting to die.

Everyone should own their home on retirement
Mr Opinion,
Great but what about those who're not in the Public Service ?

"Only a dork would want to sell their house (to the Chinese) and live in a retirement village with a lot of other dorks, all sitting around waiting to die."

Mr O , you are being a little unkind to the Forums band of octogenarians, aka, 'Usual Suspects'. The guys all live at 'The Shady Pines Retirement Home', everyday Nursey allows the lads a turn each on the homes communal computer, the good old Commodore 64. Just last week one of the lads said; "Nursey my floppy drive's not working?" She said; "Have you tried to re-boot"..."Nah, but I am wearing my incontinence pads and a pair of slippers." ...."Don't worry, the parcheesi game is starting shortly, you can dry out then".

Paul1405,
Do you & Mr Opinion have the same father ?

pseudo-individual,

Looks like we touched a sore point.

Which nursing home are you locked up in?