95 miles NW of Quitaque, TX | I love the 12% up front from the business into the saving account as a worker. As a business, not so much.
Australia’s program, with the mandatory employer-contribution aspect, has been in place since 1992, but it didn’t start at 12%. In fact, it began with just 3%, but over time the figure grew incrementally to the current 12%. Still, it has resulted in Australian workers, on average, accumulating the equivalent of around $115,000 (that’s roughly $173,000 in Australian currency ).
https://www.msn.com/en-us/money/savingandinvesting/trump-likes-austr...
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Australian version of the US 401K Love it
