Older and poorer: Retirement Income Review can’t ignore the changing role of home

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.

We’re delaying major life events, and our retirement income system hasn’t caught up

An article looking at the need to conduct an independent review of Australia’s retirement income system, in view of the fact that old age Australian renters have some of the worst relative poverty rates in the OECD.

What Are the Structural Barriers to Planning for Later Life? A Scoping Review of the Literature

This review draws on Street and Desai (2011) to characterise planning as the range of activities people deliberately pursue with the aim of achieving desired outcomes in later life.

Mortgage debt causing older Australians distress and worsening mental health

The burden of mortgage debt is leading to mental distress and worsening mental health outcomes for older Australians, who are now often carrying unsustainable mortgage repayments into retirement,

Fall in ageing Australians’ home-ownership rates looms as seismic shock for housing policy

Outright home ownership has long been regarded as a supporting pillar of Australian retirement incomes policies. Increasingly, concerns that rising mortgage debt and falling home ownership rates in later life are undermining the role of home ownership in supporting retirees’ financial wellbeing.

The Next Gen of Renters: Mom and Dad

This article presents findings from a US in-depth research study on renter demographics and found that, as the 60+ cohort grew bigger and faster, it also helped push the national median age from 36.7 in 2007 to 38.1 in 2017—the highest it’s ever been.

Will you be renting in retirement?

The concept of retirees as mortgage-free homeowners is a problem for our current welfare system. Thanks to poor housing affordability, people who do own property are generally buying later in life and paying off their mortgage for longer.

Experiences of those aged 50+ in the private rented sector

The number of people in England, aged 50+ living in the private rented sector has reached a record high in recent times, at 1.13m in 2015/16 (compared to 651,000 in 2008/9). This equates to nine per cent of the population aged 50 and over (compared to 6 per cent in 2008/9).

Independent Living Units: Underfunded and Misunderstood

Australia has an aging population with diverse backgrounds and experiences; 37 per cent of older Australians were born overseas. Historical and contemporary privileges and disadvantages have impacted different Australians’ ability to gain and maintain employment, accrue savings, build financial literacy, contribute to superannuation, own property and prepare for a secure, enjoyable retirement in l

Rental warning: Falling home ownership rates set to bite retirees

Older Australians are falling off the housing ladder and face spending their retirement as renters, with the situation expected to worsen for coming generations. Senior Australians in the private rental market are “at much greater risk of financial stress than home owners, or those in public housing”, according to the Grattan Institute’s recently launched Grattan Retirement Incomes Model. Older
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