Baby boomers cant afford to retire | News.com.au

Baby boomers cant afford to retire

“Baby boomers are often touted as one of Australia’s most prosperous generations. They are living longer, retiring later, and commonly labelled as the beneficiaries of Australia’s growing property market,” Ms Sprekos said.

“Our findings tell quite a different tale – current and future retirees are struggling to navigate a range of new affordability pressures for which their superannuation funds may not be sufficient.”

Despite their Housing Wealth, Senior Australians are struggling to fund retirement and are dreading that phase of their lives.

despite their Housing Wealth

 

 

Media Release | Combine super and home equity release for a more sustainable retirement: Deloitte

Media Release | Combine super and home equity release for a more sustainable retirement: Deloitte.

The numbers are in and it is clear that the Australian Reverse Mortgage market has failed!

At a time when Asset Rich but Cash Poor retirees are struggling to “stay in place”, fewer are turning to Reverse Mortgages as a way to tap into their home equity wealth.

Housing Will Become Biggest Driver of Inequality -UK Report

Baby Boomers who bought houses in the 60s, 70s and 80s have lived for free, with capital appreciation far out-stripping the cost of their mortgage. Their children will not be as fortunate. This cannot be the right outcome for a fair society.

Housing Will Become Biggest Driver of Inequality in UK, says Legal & General.