LISTEN: Australia's multi-billion dollar super gamble ABCNewsDaily
Hi, I'm Sam Hawley, coming to you from Gadigal Land. This is ABC News Daily. At the height of the pandemic, many Australians found themselves with less work and struggling to make ends meet. So they jumped at the chance to access their retirement savings early. Now we know a lot more about what they spent the money on, with a new study showing gambling was high on the list.
At the height of the pandemic, many Australians found themselves with less work and struggling to make ends. Because of that, and with lots of uncertainty about the months ahead, many jumped at the chance to access their retirement savings early, as part of a federal government change. Now, we know a lot more about what those who withdrew spent the money on: a new study suggests gambling was high on the list.Today, we speak to one of the co-authors of the study, economist Dr Steven Hamilton, and we chat to two Australian women who will now have a lot less in their super funds for when they retire.Subscribe to ABC News Daily
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