Proofofworkau on Nostr: Australian #Superannuation Funds are worth $3.7 Trillion. At 11% foir super ...
Australian #Superannuation Funds are worth $3.7 Trillion.
At 11% foir super contribution averages, #Australians are pouring approximately $400 billion into these funds per year with many leaving their retirement in the hands of retail funds.
Of this, approximately $60 billion is taxed.
benchmark
1 year = 9.05% pa return
2 year = 7.52% pa
10 year = 7.32% pa
For anyone who missed our history of Australian #Dollar Horror post for the findings on #Australian money supply expansion, we outlined the average monetary inflation rate since 1975.
https://proofofwork.com.au/australian-money-supply/
Once you factor in the tax, inflation, and management fee, your super is only tracking todays purchasing power for ther future.
It's not designed for you to live a comfortable retirement.
#austriches #ausrich #proofofwork #bitcoin
At 11% foir super contribution averages, #Australians are pouring approximately $400 billion into these funds per year with many leaving their retirement in the hands of retail funds.
Of this, approximately $60 billion is taxed.
benchmark
1 year = 9.05% pa return
2 year = 7.52% pa
10 year = 7.32% pa
For anyone who missed our history of Australian #Dollar Horror post for the findings on #Australian money supply expansion, we outlined the average monetary inflation rate since 1975.
https://proofofwork.com.au/australian-money-supply/
Once you factor in the tax, inflation, and management fee, your super is only tracking todays purchasing power for ther future.
It's not designed for you to live a comfortable retirement.
#austriches #ausrich #proofofwork #bitcoin