Whingeing That Their Choices Have Consequences

Recent research apparently shows if you don’t contribute to superannuation, you have less superannuation.

The way this bombshell has been reported is an absurd example of the unwillingness of the self-absorbed to accept that their choices may involve trade-offs.

It is also an example of the unthinking way journalists writing in what used to be called “womens pages” accept anything that implies women are hard done by.  And how lesser journalists are accepting of spin pushing a  corporate  barrow.

New research from  Suncorp  shows working women who take as little as two years out of the workforce could be left $50,000 behind their male partners come retirement because they have missed out on compulsory superannuation contributions.

Suncorp Life Head of Superannuation Vicki Doyle said super baby shortfalls are a “hidden type of debt”.

“It’s a debt no one really knows about,” she said.

“It refers to the amount of money women are losing out in retirement savings by taking time off work to raise a child.

“You take time off and you have no income therefore you don’t get any super-related contributions during that time.”

Well, der. Choices have consequences. Choosing to have a child has financial consequences. Choosing to have a child has career consequences. To pretend otherwise is to refuse to be an adult.

And to call the price of a decision a ‘debt’ is an equally absurd piece of spin.

Worse, we have this report of subjective perceptions as though it is in any way relevant to public policy – an example of the way subjectivism and ‘feel your pain’ politics has infected everything.

…survey of more than 1700 Australian women found 63 per cent worried they might be financially exposed during retirement and one in two felt powerless about their situation.

The appropriate response to that is: harden up. If you’re worried about something, do something to fix it. Don’t look to anyone else to assuage your feelings or solve your problems.

I have a single woman friend who grew up in poverty, has no relatives and nothing to fall back on, who became a teacher, bought a unit, bought another, runs seminars on the side – and votes Green.

It isn’t about political orientation. It’s about being adult, taking responsibility and accepting that you can’t insulate yourself from the consequences of your choices, and neither can anyone else.

The fact that people make choices that lead to different levels of superannuation is a function of living in a free society. If a particular woman happens to be worried about her choice’s impact on her final super payout, well, make a different choice.


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