Income and Assets of New South Wales Baby Boomers in 2020

Simon Kelly

    Research output: Contribution to conference (non-published works)Paper

    Abstract

    The prospect of the baby boomers reaching retirement in the near future is an
    economic concern for most OECD countries. The future costs of their pension
    schemes and the escalating health care costs are coming on top of already stretched
    budgets.
    In Australia, a three-pillar system (the three pillars being the Age Pension,
    compulsory and voluntary private savings) was introduced to alleviate some of this
    pressure on the pension scheme. The main component of this approach was the
    introduction of compulsory private savings through the Superannuation Guarantee
    introduced in 1992. But the SG may have been introduced too late for a very large
    proportion of the population – the baby boomers.
    This paper presents examines the current and future financial circumstances of baby
    boomers in New South Wales and finds there may be a gap between expectation and
    reality, especially for those living in Sydney.
    Original languageEnglish
    Number of pages24
    Publication statusPublished - 2003
    EventThe Future of Ageing Conference - Coffs Harbour, Australia
    Duration: 20 Feb 2003 → …

    Conference

    ConferenceThe Future of Ageing Conference
    CountryAustralia
    CityCoffs Harbour
    Period20/02/03 → …

    Fingerprint

    Income
    Wales
    Assets
    Baby boomers
    Private savings
    Pensions
    Expectations gap
    Health care costs
    Pension scheme
    Costs
    Superannuation
    OECD countries
    Retirement

    Cite this

    Kelly, S. (2003). Income and Assets of New South Wales Baby Boomers in 2020. Paper presented at The Future of Ageing Conference, Coffs Harbour, Australia.
    Kelly, Simon. / Income and Assets of New South Wales Baby Boomers in 2020. Paper presented at The Future of Ageing Conference, Coffs Harbour, Australia.24 p.
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    Kelly, S 2003, 'Income and Assets of New South Wales Baby Boomers in 2020' Paper presented at The Future of Ageing Conference, Coffs Harbour, Australia, 20/02/03, .

    Income and Assets of New South Wales Baby Boomers in 2020. / Kelly, Simon.

    2003. Paper presented at The Future of Ageing Conference, Coffs Harbour, Australia.

    Research output: Contribution to conference (non-published works)Paper

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    Kelly S. Income and Assets of New South Wales Baby Boomers in 2020. 2003. Paper presented at The Future of Ageing Conference, Coffs Harbour, Australia.