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ABS reveals people who accessed super early used it to pay down mortgages and bills – NEWS.com.au

ABS reveals people who accessed super early used it to pay down mortgages and bills

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Australians who accessed their superannuation during the coronavirus pandemic spent their funds to pay down debt and meet household bills. A new report from the Australian Bureau of Statistics has found the majority of funds accessed through the early release of super scheme were used to meet bills and pay down existing debts, such as home loans.
At the beginning of the coronavirus pandemic, the federal government allowed Australians to access their super if they had claimed financial hardship because…

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