System Punishes Thrifty Boomers

Cultural commentator Bernard Salt had delegates to the Association of Superannuation Funds of Australia's annual conference in stitches last week as he talked about the ageing of the baby boomers. Salt painted a picture of a generation that had made Number One haircuts the height of fashion (to hide receding hairlines and bald spots), black the colour of choice (to hide expanding hips and disappearing waistlines), and introduced a new phrase to the national vernacular. As they succumb to middle-age spread,