WealthPersonal FinanceWealth GenerationPrint articleOpinionWhy young people are angry (and it’s not Labor’s $3m super tax)Generous taxation and welfare settings mean the average retiree now earns 60 per cent more than under 30s.Lucy DeanWealth reporterMay 14, 2025 – 10.29amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginAsk a young person what’s grinding their gears, and it probably won’t be the lack of indexation on Labor’s proposed $3 million superannuation tax.That might seem surprising. After all, the government’s plan to increase the tax on super balances above $3 million is expected to affect 0.5 per cent of taxpayers today but, according to AMP analysis, will affect the average Gen Z by the time they’re 59 thanks to inflation.Loading...Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreWealth GenerationOpinionGen ZGen YBaby BoomersHip pocketMillennialsSmart InvestorAFR WeekendLatest In Personal financeFetching latest articlesMost Viewed In WealthThe Australian Financial Review MagazineMeet the Australian at the helm of a cult New York ice-cream brandAnna SaundersThe watches that do more than just tell the timeVapes are knock-off cigarettes. Fashion insiders should know betterBOSS Financial ReviewThis executive tripled his salary in 5 years. Here is how he did itHannah TattersallHow a banker, coal owner and pokies baron passed the ESG pub testForget WFH – what it’s really like to ‘work from anywhere’Life & LeisureDishing the dirt on the world’s best beaujolaisMax AllenThe must-book new restaurants to dine at this JulyThis historical home for widows is a new Scandi hotspotRich ListBillionaire Geminder mulls asset sales at struggling Pro-Pac businessSimon EvansFederal Court date looms for Iren crypto brosBillionaires Escalante and Arnaout taking liberties with ASIC
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