Deputy PM must apologise for outrageous slur on Australian pensioners

Deputy PM Warren Truss is reported to have told the Conservative Breakfast Club in Brisbane yesterday that many older people are squandering their superannuation savings on luxury items and cruises and then going on the pension. Ian Yates, CE of leading seniors advocate COTA Australia, said the reported comments display a disturbing lack of knowledge about the financial reality of most older Australians; and using them to justify the Government's proposed cuts to the age pension will greatly offend many struggling seniors.

COTA Australia Media Release

Released: 15-May-2014

Deputy PM Warren Truss is reported to have told the Conservative Breakfast Club in Brisbane yesterday that many older people are squandering their superannuation savings on luxury items and cruises and then going on the pension. Ian Yates, CE of leading seniors advocate COTA Australia, said the reported comments display a disturbing lack of knowledge about the financial reality of most older Australians; and using them to justify the Government's proposed cuts to the age pension will greatly offend many struggling seniors.

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