Exactly right Luke, especially after the GFC in 08. A lot of people got hit very hard (including my parents, plus most of their friends) and are still nowhere near recovering, then bang, get hit again and again. We know of a couple that were travelling pretty well until then. They went from having over $300k each to under $100k between them, they were looking forward to retiring, but they'll be working for quite a while yet. He was supposed to retire a few years ago, but as he said, no chance of being able to afford to retire now and will probably drop dead while still working, he's now nearly 70. It absolutely stinks about superannuation (great in theory, not how it's applied) in this country. The government tells us we must do it, but they won't guarantee it for the people whose money goes into it, but their own superannuation is guaranteed and the best part is, they don't even have to wait until retirement age (like everyone else) to be able to access their money. This is one of the reasons we don't contribute to it and we look after our own retirement money, our own way. If the the financial groups go arse up tomorrow, then I know they ain't got any of our money. Unfortunately wage and salary earners don't have that privilege and have to put their own hard earned money in these institutions with no guarantees, how pathetic.
