What Should My Super Balance Be At Every Age? Navigating Aussie Super
Channel: Brent Coleman
Date: 2024-04-06

In this video I show you the average and median balance of Australian Super accounts, at every age. This video aims to empower you with the right insights which allow you to benchmark your savings rate with the rest of the country in your peer group. Saving for retirement is important, and the Australian Super scheme is an excellent vehicle to do so. With an employer contributed rate of 11%, rising to 12% next year, the scheme has of course absorbed a huge amount of capital which now stands as the world's fourth largest retirement scheme after the US, UK, and Canada.

Discover the startling superannuation gap between men and women in this video. We dissect how systemic issues, from pay disparities to promotion bias, contribute to significant differences in retirement planning and savings. Understand the key figures that reveal this disparity at various life stages - from young workers to those 75 plus tapping into their reserves. This analysis is crucial for anyone interested in achieving an equitable financial future and understanding the broader societal structures impacting retirement savings. 

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// TIMESTAMPS
► 0:00      Intro
► 0:20      What is Australia's Super Scheme?
► 1:59      What is the Right Super Balance?
► 3:21      Average Super Balance by Age and Gender 
► 9:09      Gender Disparity in Super Balances 
► 9:52      Outro

Disclaimer:
I am not a financial adviser. This video is for education and entertainment purposes only. Seek professional help before making any investment decision.

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