Articles on Retirees

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The incidence of poverty among people over 65 is decreasing in part because of increased labour force participation. Col Ford and Natasha de Vere/Flickr

Older people now less likely to fall into poverty

There has been a substantial improvement compared to 15 years ago, when the incidence of poverty among the elderly was 32.4%.
Add up all the neglected costs of downsizing and retirees have good reason to be wary of making the move. wavebreakmedia from www.shutterstock.com

Downsizing cost trap awaits retirees – five reasons to be wary

Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What's being ignored is the costs of moving into a unit or apartment.
The proportion of renters is now roughly equal to the numbers of outright home owners. Image from www.shutterstock.com

Home equity: Australia’s growing wealth divide

For all our talk about housing affordability, few people want house prices to drop. That’s because most Australians are home owners, and much of our wealth is stored in housing. But recent figures released…

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