Record mortgage debt forcing oldies to work longer

Thursday 29 June 2017

The 2016 Census revealed that the percentage of households that own their homes outright has plummeted by 10 basis points over the past 20 years:

With more Australians carrying mortgages later into their lives, new research from the Australian Housing and Urban Research Institute (AHURI) has found that Australians are being made to work longer and retire later, thus potentially offsetting some of the lost labour force participation that generally arises from an ageing population. From The AFR:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.