Page 73 - Intergenerational Report News Today

MacroBusiness Access Subscriber Only Content Australia has a new immigration shill working in the mainstream media: The AFR’s new economics correspondent Ronald Mizen. Mizen has today penned an article calling for Australia to lift Australia’s immigration intake to 327,000 people per year because it would supposedly be good for the economy and federal budget: Replacing migrants lost during the coronavirus pandemic would add $260 billion to the economy and lift growth from 2.3 per cent to 2...

Virus must not sideline repaying pandemic debt While focusing on the pandemic remains the priority, we can’t afford to use this as an excuse to kick the big fiscal and productivity questions raised by the fifth Intergenerational Report down the road. Alison Watkins Save Share As someone who’s benefited from a massive increase in Australia’s growth and prosperity, I’d like to see the next generation enjoy the same opportunities as mine experienced. That means a sustainable co...

Is it time the feds take on stamp duty and land tax? SHARE THIS ARTICLE The Real Estate Institute of Australia’s president has called out Australia’s “mish-mash” approach to property taxation. Adrian Kelly was reflecting on the Treasury’s recently released intergenerational report when he said that, as a nation, we’re getting older, less fertile, and more in debt. He expressed concern that as more Australians do age and ne...

MacroBusiness Access Subscriber Only Content at 11:00 am on July 2, 2021 | 20 comments Anybody hoping that Labor leader Anthony Albanese would take a lower immigration platform to the upcoming federal election will be disappointed by his upcoming speech today to the National Press Club: Anthony Albanese will launch a Bob Hawke-style jobs summit if he becomes prime minister… [Albanese will] voice his concerns about the Intergenerational Report’s prediction that the ­temporary migration pop...

MacroBusiness Access Subscriber Only Content at 1:00 pm on July 1, 2021 | 0 comments Treasury’s Intergenerational Report showed that superannuation funds under management will soar from around 157% of GDP currently to a projected 244% of GDP by 30 June 2061: As at 31 March 2021 the superannuation system had assets under management valued around 157 per cent of GDP.80 It is projected this will grow to around 244 per cent of GDP by 30 June 2061. Of this amount, it is estimated that almost three...

Our economy’s firing, right? Not exactly, but here’s how to recapture our lost wealth in a post-pandemic world We’re sorry, this service is currently unavailable. Please try again later. Dismiss Opinion Our economy’s firing, right? Not exactly, but here’s how to recapture our lost wealth in a post-pandemic world Normal text size Advertisement The Morrison government can claim credit for Australia’s world-class economic performance as it emerges from the coronavirus pandemic. After a...

MacroBusiness Access Subscriber Only Content at 9:00 am on June 30, 2021 | 25 comments While 12 million locked down Australians wish they were denizens of Melbourne today, Australia’s least liveable city, it is high time that we take stock of the benefits of The Idiot. When one considers the upsides of how systematically The Idiot is destroying his own agenda, I think you’ll agree that losing your liberty for a few days is well worth it. There are three distinct upsides to The Idiot regime....

Retiree numbers, super balances set to balloon By Neil Griffiths 29 June 2021 Australia’s super system will play an “increasingly important role” in supporting the living standards of the nation’s soaring population of future retirees, according to peak body ASFA. Intergenerational Report (IGR) released on Monday projects that expenditure on health and aged care will increase from a combined 5.3 per cent to 8.3 per cent...

Switzer Daily 30 June 2021 Who said accountants are boring and stuffy? That old view could change, with many seeing Deloitte’s decision to allow its employees to choose where and when they work as a win for modern work practices. But it’s going to be the start of a huge loss for CBD-based businesses, and as a consequence, the CBD itself could become more residentially-inclined as office buildings become apartment blocks. And on an economically-worrying front, there could be a productivity ...

ASFA said the report noted that with the superannuation guarantee (SG) rising to 12% and more workers contributing to super for longer, the median super balanced at retirement would increase from $125,000 to over $460000 by 2060. ASFA chief executive, Dr Martin Fahy, said: "With more Australian retirees having higher super balances, the proportion of retirees reliant on the Age Pension will decline and ASFA expects half of all Australians to be self-funded in their retirement by 2050. "Our stro...