My fellow friends, this year our ‘glorious’ government delivered one of the most unpopular budget outcomes in Australian history. Sweeping cuts have been made across all welfare programs, and tougher rules have been enforced, especially in regard to Age Pension claims. The minimum pension age will rise to 70 in 2035. The message is clear: the Australian government is finding it harder and harder to fund the program down the track. If this is the case, should our government actively plan to abolish the Age Pension in the future?
Each week the ESSA Editors pick out the best articles from the latest in the world of economics, politics, and everything in between.