Two-thirds of retirees in private rentals live in poverty, Grattan report finds, with more than half reporting net worth of less than $25,000Get our breaking news email, free app or daily news podcastTwo 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.Sign up for Guardian Australia’s breaking news email Continue reading…
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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Retirees who rent ‘really struggling’ financially, researchers say – and the problem is getting worse
