The coronavirus pandemic will have long-lasting impacts on consumer behaviour with nearly half of Australians expecting to struggle financially over the next few years.
With nearly 400,000 young Australians having completely emptied their superannuation balances, there are fears that future generations will struggle to survive on the pension in retirement.
Nearly 350,00 Australians have applied to withdraw their super early for the second time in the new financial year, as second round withdrawals open up.