Burden for gen Y
I understand the intent behind the story, but as a hardworking gen Y I am aghast at the thought of all my annual taxes going towards older generations who have failed to adequately provide for themselves, or gamed the system to the point where it is unsustainable.
It is beyond comprehension that given five working decades to plan for retirement, 80% of the population will still qualify for the full age pension. Worse still, those who do plan
and save $750,000 to provide for themselves are no better off than those who choose not to and take advantage of their children who have to foot the bill.