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Raiding the pot: how the pandemic has deepened the pensions crisis

The arrival of coronavirus in Australia in March left Marie Piggo struggling to put food on the table.

The 32-year-old hairdresser from Sydney quickly saw two-thirds of her income disappear as customers stayed at home. Worse still, her husband lost his job.

So when the Australian government announced in March it would allow young people like herself to raid their retirement pots to ease financial pressures caused by the coronavirus lockdown, she jumped at the chance.

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