Super splurge

As important as everyone knows superannuation is, the mere mention of the word, particularly among younger generations, used to be a sure-fire guarantee of glazed eyes and stifled yawns. But workers around the country woke up when the financial hit of coronavirus led the government to announce retirement savings of tomorrow could be used to pay the bills of today. More than two million Australians have so far found salvation in their super by cashing in as much as $20,000 each. Of course, the money is desperately needed by many, but for others it seems to be an excuse to splurge. And as desirable as designer handbags, new cars and new boobs might be right now, are they really worth more than a comfortable old age?

Reporter: Sarah Abo

Producers: Garry McNab, Alex Bernhardt