Australians Are The Richest People In The World?: The Average Australian and The Superannuation Gap

Interactive Video
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Business
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7th - 12th Grade
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current mandatory contribution rate for Australian employees to their superannuation accounts?
12.5%
15%
9.5%
7.5%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much does an average Australian worker contribute annually to their superannuation account, assuming no salary increase?
$5,000
$9,000
$7,831
$6,500
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the projected value of an average Australian worker's superannuation fund at retirement, assuming a 7% annual return?
$2 million
$1.7 million
$1.5 million
$1.2 million
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major issue has the superannuation industry in Australia faced, leading to a royal commission?
Poor customer service
Overcharging fees
Low investment returns
Lack of transparency
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what age can Australians typically access their superannuation funds?
55 years
60 years
70 years
65 years
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