It is perhaps a bit sad but, along with the Colloquium of Superannuation Researchers, one of the things that I look forward to each year is the release of the annual statistical report of the Household, Income and Labour Dynamics in Australia (HILDA) Survey. It provides a lot of detail about how real Australians live, with a range of information relevant to superannuation. It is sometimes claimed that the Age Pension alone would provide a substantial income replacement rate for many if not most Australian households. However, the HILDA data show that as at December 2016 average household disposable income...