✓ SBS AustraliaMoney & Work
How raising super could fight inflation
Some economists say raising super contributions temporarily could cool spending without raising interest rates.
Economist Chris Richardson suggests raising the required super contribution from 12% for a while. This would cool spending without raising interest rates.
The money goes into retirement savings, not to banks as interest. Supporters say this spreads the cost fairly across workers.
Rather than hitting people who have mortgages. The RBA meets Tuesday to decide its cash rate.
Why it mattersIt could help Australia fight inflation while building retirement savings. Rather than hurting people with mortgages.
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