More than 2.6 million Australians drained their superannuation accounts at the height of the pandemic. 9News
at the height of the pandemic, with some spending the money on takeaway food, gambling and buying furniture.
The then-treasurer Josh Frydenberg talked up the policy, saying it was "the people's money and this is the time they need it most". They found the accounts of up to a quarter of applicants were emptied within days of the scheme's launch. Gambling was one of the biggest expenditures for the withdrawn money, with an average spend per person of $293.
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