Could Looking to Australia's "Super" System Help the U.S. Fix Social Security?
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Could Looking to Australia's "Super" System Help the U.S. Fix Social Security?
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"Ute" (SUV), "chips" (French fries), "sunnies" (sunglasses), and "mates" (friends) are just a few of the slang terms I picked up earlier this year when the Keens visited our family in Brisbane, Australia.
Another was "super," which is short for "superannuation." This mandatory savings program is central to Australia's retirement planning. And recently, President Trump floated the idea of implementing a similar program here in the U.S.
On today's show, we discuss if taking some inspiration from our friends Down Under could provide a "super" solution to Social Security's looming insolvency and help more Americans build their nest eggs for retirement.
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