Morgan poll backs hardship early access to super

As Government backbenchers seek to defend the decision to allow people hardship-based early access to up to $10,000 a year in superannuation, polling group Roy Morgan has revealed new data suggesting up to 75% of Australians support the move. 

The Roy Morgan data, obtained via a snap SMS survey of 723 Australians conducted yesterday, said 75% of Australians believed people in financial difficulty should be able to access up to $20,000 of their superannuation. 

People surveyed were asked: “In the current uncertain economic times do you think people in financial difficulties should be able to access up to $20,000 of their superannuation or not?” 

The consequent Roy Morgan analysis said Australians of all ages agree people in financial difficulty should have access to their super with analysis by gender showing both women (83%) and men (75%) were in favour of allowing people in financial difficulties to access up to $20,000 of their superannuation 

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Broken down by age it showed Australians of all age groups led by people aged 35-49 (82%), 18-34 (80%), 50-64 (78%) and 65+ (77%) were in favour of people in financial difficulties to be able to access up to $20,000 of their superannuation. 

Commenting on the results, Roy Morgan chief executive, Michele Levine said Australians had signalled they were in favour of the move. 

“The support Australians have signalled for allowing people in financial difficulty to access up to $20,000 of their superannuation over the next few months is a clear indication that the average Australian understands the gravity of the economic shock which is only now just starting to hit the economy,” she said.