Cameron doubts he’ll ever reach $3m in super. So how do young people feel about Labor’s plan?

Cameron Upton, a 22-year-old Canberra student with just $4K in superannuation since turning 16, remains unaffected by Labor's proposed tax hike on superannuation, as he estimates achieving the $3 million threshold is beyond reach for most. Critics argue this will place financial burden on younger Australians whose income growth may outpace their superannuation gains. Economist Diana Mousina notes only about 1 in 10 workers will hit the $3 million mark by 2055, but experts like Phy Mei Liu suggest indexing the threshold could mitigate future issues and ensure fairness as younger generations face increased tax pressures.