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Essay Details:
Essay text:
Family
2. Community Support
3. Keep Working
4. Compulsory Superannuation Charge
5. Voluntary Superannuation Contributions
1. Family
If we are lucky enough to gain an inheritance that can become a possible source of income. However, due to the ageing population and rising health care costs this is becoming unlikely and parents are likely to need all their savings for their own retirement income.
In many countries however, it is traditional for parents to be taken care of by their children in older ages.
However, in Australia this is very unlikely due to lower fertility rates of only 1.7 children per female and falling...
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