Two-thirds of retirees in private rentals live in poverty, Grattan report finds, with more than half reporting net worth of less than $25,000
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Two in three retirees who rent privately owned homes live in poverty and the problem will get worse, a new report has found.
Most older working Australians who rent do not have sufficient savings to keep paying rent in their retirement, according to the report from the Grattan Institute.
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Source link : https://www.theguardian.com/society/2025/feb/10/retirees-who-rent-really-struggling-financially-researchers-say-and-the-problem-is-getting-worse
Author : Cait Kelly Inequality reporter
Publish date : 2025-02-09 14:00:00
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