The Australian Taxation Office recently revealed that 178 Australians under 30 reported superannuation balances exceeding AU$2 million in the 2021-2022 financial year, despite taxable incomes starting at just AU$18,200.

The surprising statistic raises questions about how some young people are able to accumulate such large balances, while highlighting the challenges young Australians face with rising living costs and entering the property market.

Andrew Grant, an associate professor of finance at the University of Sydney, explained that some of these young people may have received a........

© International Business Times