“Baby boomers are often touted as one of Australia’s most prosperous generations. They are living longer, retiring later, and commonly labelled as the beneficiaries of Australia’s growing property market,” Ms Sprekos said.
“Our findings tell quite a different tale – current and future retirees are struggling to navigate a range of new affordability pressures for which their superannuation funds may not be sufficient.”
Despite their Housing Wealth, Senior Australians are struggling to fund retirement and are dreading that phase of their lives.
despite their Housing Wealth