Save Up or Live It Up: Is Super Wasted on the Young?

For many young people, saving for retirement may be a rainy day that's just too far away. Should those who are strapped for cash for basic living – perhaps saving for a house or paying for childcare – be able to access their super savings to foot the bill? This controversial idea has been floated by Bruce Bradbury of the Social Policy Research Centre at the University of New South Wales as compulsory contributions begin rising from 9% to 12%. However, industry players remain intent on capturing the attention of youthful retirement savers via social media – like it or not!