Super Behaviour: A Note on Young Australian Adults’ Engagement With Their Superannuation Accounts

Abstract

We examine the behaviour and attitudes towards superannuation of 25-34 year old Australians. Our results suggest that they are generally uninterested in their superannuation accounts. They seldom read the information provided by their funds, rarely change their fund, and a majority of them do not make voluntary contributions. Overall the results suggest significant lack of interest in, and engagement and concern with issues related to their retirement planning.

Keywords

• Superannuation
• young people
• fund change
• voluntary contribution
• Australia