Case study 1 (age 25): Chrissy’s counting on a cushy ;retirement

Chrissy is aged 25 and starts a new job paying $50 000 a year. She currently has no super because she was previously self-employed. Chrissy has watched her grandparents struggle on the Age Pension, and now her parents are struggling because her mother has had to retire early due to ill-health. Her family’s experience has motivated Chrissy to start planning for her retirement, even though her friends think she’s mad to worry about it at such a young age. The first bit of good news that Chrissy discovers is that her employer will pay $4500 a year into a super fund on her behalf, just for Chrissy turning up for work each day. Chrissy also learns that she is part of the first generation of Australians who will enjoy the benefits of at least 9 ....