Superannuation Knowledge, Behaviour and Attitudes in Young Adults in Australia
129 Pages Posted: 8 Oct 2014
Date Written: September 23, 2014
This report presents the results of a study examining superannuation knowledge, behaviour and attitudes in 994 young adult superannuation fund members (25-34 years old) in Australia. Respondents completed a 75 question online survey instrument which included questions on demographics and superannuation knowledge, behaviour and attitudes. It is the first large-scale study to focus exclusively on superannuation and the young adult population in Australia. The report concludes there are serious deficiencies in knowledge, behaviour and attitudes among young adults. Knowledge of basic facts about superannuation is poor. Young adults are unengaged by and uninterested in superannuation or retirement planning. Attitudes can be described as worried and skeptical.
Keywords: superannuation, retirement planning, financial literacy, young adults in Australia
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