Housing bubble creates headaches for Australia’s retirement system

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By Leith van Onselen

Over the Weekend, The SMH reported how rising household debts among older Australians could ultimately cripple Australia’s retirement system:

The number of Australian homeowners over the age of 65 still carrying mortgage debt has trebled since 2002, raising concerns the nation’s retirement savings could be absorbed into the housing boom.

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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.