Impact of home ownership on providing an easier and less stressful retirement
Author: Kent Davis, Fintech Director RCI Platform Australia Limited
There is little doubt in my mind that home ownership underwrites an easier and less stressful retirement because a retiree will always have the security of their home equity to fall back on. They may access it to purchase something or fund required services.
Conversely, non- home owner retirees spend their entire lives paying rent and the myriad of life associated costs that result for some, in a long term reliance on social welfare with little to offset their domestic capital outflows.
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