More pensioners are taking up part-time work

[davidc4430]

More pensioners are taking up part-time work to avoid the threat of pension poverty

https://www.abc.net.au/news/2020-01-22/pensioners-taking-up-part-time-work-to-avoid-pension-poverty/...

there is a big difference between working because you want to and working because you have to.

i saw this story on tv last night.

good on those pensioners who want to earn a bit more money.

but there are many many more who either cant or dont want to and they are being told 'well tough bickies, live on the pension then'

i was a little surprised at the focus of the story was more about allowing people to earn more before losing a portion of their pension than a demand a rise in the pension for all.

same goes for the disabled and the unemployed.

[lionrose.7]

Wow Pension in New Zealand is much lower then in Aus, think I will shift back 🙂

[chameleon54]

The story also highlighted that those self funded retirees who where prudent and worked hard and saved throughout their lives had lower levels of senior poverty than those who spent all of their money and then relied on the government to fund their retirement. 

Just another example of why the policies of Labor at the last election including removing share imputation credits for retirees where morally wrong. The voting public certainly got it right on election night when they rejected that Labor policy.

[davewil1964]

---

@chameleon54 wrote:

The story also highlighted that those self funded retirees who where prudent and worked hard and saved throughout their lives had lower levels of senior poverty than those who spent all of their money and then relied on the government to fund their retirement. 

Just another example of why the policies of Labor at the last election including removing share imputation credits for retirees where morally wrong. The voting public certainly got it right on election night when they rejected that Labor policy.

---

That is the rewarding of people with enough money arrange their financial affairs to allow them to buy shares that don't pay decent dividends? Thus allowing them to suck from the public teat? Or is it the ones with enough money to set up 'family' trusts?