At the height of the GFC in 2008, a $500,000 lump sum was enough to generate income equal to the aged pension. Today with interest rates plummeting to generational lows the lump sum has blown out to >$1M. Combine this with the proposed reductions to the age pension asset limit and the population demographics it is critical today’s ‘working generation’ (30’s, 40’s, 50’s) commit to a well thought-out and disciplined wealth creation strategy early in their working life. Employer super contributions will not be enough and it is hard to imagine the age pension safety net as we know it today being around to support today’s working generation in the years ahead.