02/09/2026
SUPERANNUATION IS NOT WORKING
If you wanted proof that Superannuation is not working then the figures below prove it. 👇
The percentage of people working longer has increased dramatically in the last two decades DESPITE compulsory Superannuation.
The argument put forward by Superannuation advocates is that the percentage of people on a pension has decreased because of superannuation.
This argument is false - if that was the case more people would have retired.
The latest ASFA figures show the median superannuation balance for women aged 60-64 is $174,644. This is well below the amount needed to go off a part pension of circa $333,000.
For men of the same age the median balance is $236,126 - still nowhere the amount needed to stop relying on the full pension of $733,500.
No median balance of any age group is anywhere near that proving superannuation is not working.
If you want to stop the rort called compulsory superannuation sign up today at Peoplefirstparty.au
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“Australia has seen a dramatic transformation of retirement over the past 20 years, with more Australians delaying retirement than ever before, reshaping expectations for later life.
This shift matters because it marks a fundamental change in how people transition out of the workforce — with important implications for financial security in later life.
The decision to retire is no longer driven purely by personal preference or age alone. It’s increasingly shaped by policy, housing wealth, super balances and whether someone can afford to stop working.
In 2003, about 70% of women and almost half of men aged 60–64 had fully retired from the workforce. Twenty years later, those numbers have fallen to 41% and 27% respectively. For people aged 65–69, retirement rates have also dropped – from 86% to 66% among women, and from 73% to 61% among men.”