The foundations of Australia’s retirement system are crumbling

Abstract

The Australian retirement system is based on the presumption that the vast majority of people would own their homes. However, due to falling home ownership rates and people carrying mortgage debt well into their retirement years, that assumption is failing.

A report by the Australian Housing Urban Research Institute (AHURI) estimates that 440,000 older households will be unable to find or afford suitable housing by 2031.

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