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Per BBG: "About 480,000 mostly younger....>

AUSTRALIA
AUSTRALIA: Per BBG: "About 480,000 mostly younger Australian workers have
drained their retirement savings accounts after the government allowed early
access to alleviate financial hardship during the coronavirus outbreak,
according to an industry group. An estimated 395,000 people aged under 35 have
eroded their retirement accounts, Industry Super Australia said on Thursday. The
move could leave more people reliant on the government pension later in life,
ISA says."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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