Falling home ownership could smash retirement system

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By Leith van Onselen

Another report has emerged warning that the collapsing rates of home ownership among younger cohorts could ultimately cripple Australia’s retirement system. From The New Daily:

Senior Australians in the private rental market are “at much greater risk of financial stress than home owners, or those in public housing”, according to the Grattan Institute’s recently launched Grattan Retirement Incomes Model.

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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.