By Carrie Bengston
What would you do with a share of $1.6 trillion?
You may think a $20 million Lotto prize pool sounds huge, so you buy a ticket only to be deeply disappointed when your numbers aren’t drawn. But how’s this? As an Australian employee you have a guaranteed share in *cue Dr Evil* 1.6 TRILLION dollars.
A big Lotto win could completely reshape your life – maybe you’d get a limo, pay off your mortgage, take a nice holiday or buy a bit of bling. So imagine what the (current) $1.6 trillion dollars in Australia’s superannuation fund pool can do for the entire nation.
Super can be invested in many valuable things like infrastructure, R&D and emerging industries to help improve the economy and make us all better off. So in recognition of this potential, we’ve teamed up with Melbourne’s Monash University to form the CSIRO-Monash Superannuation Research Cluster.
But why are we so interested in super?
Just like climate processes and ecosystems, superannuation is a complex and dynamic system that has a massive impact on our lifestyle and wellbeing. It is the sort of big challenge that requires perspectives from many difference disciplines.
Over the next three years, we will work with industry, government and finance researchers from universities across Australia and the UK to discover more about how super can best serve our own needs and those of the economy.
Learn more about our new research partnership.