The rising cost of living and global economic uncertainty means older Australians are delaying retirement
Glenn McCrea says Australians shouldn't be focused on short-term share market volatility when it comes to their super.
"I do encourage people to look at returns over 10 years, rather than follow what happens day to day." "[The $5,000 super withdrawal] was enough that it paid for another month's worth of rent, and I could pay my staff and I could afford to live." Mr McCrea said those who took out money early were mostly single parents, women and those on low incomes, and 44 per cent of applicants were aged under 35.
Council on the Ageing Australia's Ian Yates predicts early withdrawals may see higher pension costs in future.
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