Early Super Release During Pandemic Causes Australians to Stay Unemployed Longer: Study

Australian dollars are shown in Sydney, Australian, on March 10, 2015. Dominic Lorrimer/Getty Images

A new study has revealed that allowing Australians to access their superannuation early during the COVID-19 pandemic delayed their return to work and hurt the government’s budget.

Researchers at the Australian National University (ANU) studied the effects of early pension withdrawal policies by examining the behaviour of over half a million Australians during the pandemic.