Australian retirees sitting on their super rather than spending it
www.abc.net.au
The federal government should intervene to help retirees spend their superannuation and avoid the savings system ending up as "a massive inheritance scheme", the Grattan Institute warns.

Grattan’s modelling shows that Australians who draw down their super at the minimum rate when they retire will leave the equivalent of 65 per cent of their original super balance unspent by the age of 92.

Tax payer subsidy for inheritance?

that many retirees are net savers, with their super balances growing for decades after they retire, for fear of outliving their savings.

"This is not how it was meant to be.

Isn’t it ? How a something works is surely representative of how it was designed.