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Super behaviour: a note on young Australian adults’ engagement with their superannuation accounts

Author

Listed:
  • Anderson, Malcolm
  • Clark, Martin
  • Ramsay, Ian
  • Shekhar, Chander

Abstract

We examine the behaviour and attitudes towards superannuation of 25-34 year old Australians. Our results suggest that they are generally uninterested in their superannuation accounts. They seldom read the information provided by their funds, rarely change their fund, and a majority of them do not make voluntary contributions. Overall the results suggest significant lack of interest in, and engagement and concern with issues related to their retirement planning.

Suggested Citation

  • Anderson, Malcolm & Clark, Martin & Ramsay, Ian & Shekhar, Chander, 2017. "Super behaviour: a note on young Australian adults’ engagement with their superannuation accounts," LSE Research Online Documents on Economics 69185, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:69185
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    File URL: http://eprints.lse.ac.uk/69185/
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    References listed on IDEAS

    as
    1. Tahlia Parrish & Sarath Delpachitra, 2012. "On Selection of Superannuation Fund: Impact of Choice and Information," Economic Papers, The Economic Society of Australia, vol. 31(3), pages 369-379, September.
    2. Andrew Worthington, 2008. "Knowledge and Perceptions of Superannuation in Australia," Journal of Consumer Policy, Springer, vol. 31(3), pages 349-368, September.
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    More about this item

    Keywords

    superannuation; young people; fund change; voluntary contribution; behaviour; Australia;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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