The big wealth squeeze

Older Australians are being squeezed harder by policy initiatives … and then there’s the family squeeze.

The politicians on both sides now understand that in the next decade there will be a lot less money to splash around.

And so both sides are being tough on the older generation in Australia, and that money squeeze underlines the generational quandary that older people have in deciding whether to help finance their children and, if so, how it should be done.

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