The assumption that retired people have minimal housing costs underpins the settings of our retirement incomes system. But the real state of housing for older Australians today makes it critical for the Retirement Incomes Review to look at the evidence that now challenges this assumption.
Outlining the recommendations made to the NSW Government, including: housing and older people and insecure housing and older people. This is a live document that will be updated as legislative changes are made.
Big numbers of Australian Baby Boomers are now entering retirement with a mortgage. The proportion of homeowners who still have a mortgage at the point of retirement in 2016 surged 23 per cent in a decade to 36 per cent. Generation X are also heading towards retirement with mortgage debt.
This article examines the reasons behind this phenomenon.
As we age, most people prefer to stay in their own homes and communities instead of moving to retirement villages. Some have gone so far as to say retirement villages have had their day. What’s needed instead is adaptable housing and neighbourhoods to help people as they move through life’s stages.
Are the days of the retirement village numbered?
Single older women aged 55 and over are overrepresented amongst the asset poor in Australia. They are also one of the fastest growing groups of homeless people nationally. This status is a product of a number of risks that accrue to women across the life course including gendered differences in pay and superannuation. It is also a product of an unaffordable and insecure private rental system.
A disturbing trend is becoming increasingly evident across the US: The eviction of vulnerable nursing home residents from their facilities, often without notice, preparation, or a safe and appropriate place to go.