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The 'wealthy Boomer' myth: why tax reform risks leaving retirees behind
- The CEO of COTA Australia, Pat Sparrow, challenges the stereotype of wealthy Boomers and urges fair tax reforms for all Australians.
- Around 28% of older Australians are wealthy, about one in four live in poverty, and nearly two-thirds rely on income support payments such as the Age Pension.
- Many retirees who invested in property before compulsory superannuation matured face risks from proposed tax changes on negative gearing and capital gains discounts.
- A majority of Australians aged 50 to 66 remain employed, with many feeling undervalued and experiencing ageism.
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19 Articles
19 Articles
Coverage Details
Total News Sources19
Leaning Left12Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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