Everyone who reads the aph.gov. au website would be aware that wages have increased much faster than prices over the last three decades.
Benchmarking the pension to Male Total Average Weekly Earnings is totally unsustainable.
By all means advocate the European model of borrowing to pay unfunded Social Security payments, but that has one very unsavory result in the end ( see Greece).
Pensions linked to the CPI means that pensioners will never be worse off than they are now.......and it's sustainable.
- Forums
- Political Debate
- 50% reduction in aged pension?
Everyone who reads the aph.gov. au website would be aware that...
- There are more pages in this discussion • 113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)