Lesson 2 - Work, Wellbeing and Superannuation Flashcards
Work, wellbeing and superannuation
1
Q
Why is it important for people to work
A
- No work means no food production and starvation
- No workers mean no electricity or clean water
- Society would change drastically
- Australia’s trade with other countries would be affected
2
Q
3 economic benefits of working
A
-earning an income
-improving living standards
-to have disposable income
3
Q
3 wellbeing benefits of working
A
-meeting and mixing with new people
-doing something you love and are passionate about
-increasing your self-esteem and confidence
4
Q
What is superannuation
A
a compulsory long-term investment that grows over time
5
Q
How does superannuation work
A
you employer pays your super on top of your wages, and as you contribute more during your working life, you’ll have more saved up for your retirement.
