Super Behaviour: A Note on Young Australian Adults’ Engagement with their Superannuation Accounts

Abstract

The authors examine the behaviour and attitudes towards superannuation of 25-34 year old Australians. The results of the survey suggest 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, attitudes, retirement planning