Retirees who rent ‘really struggling’ financially, researchers say – and the problem is getting worse

Two-thirds of retirees in private rentals live in poverty, Grattan report finds, with more than half reporting net worth of less than $25,000

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Two in three retirees who rent privately owned homes live in poverty and the problem will get worse, a new report has found.

Most older working Australians who rent do not have sufficient savings to keep paying rent in their retirement, according to the report from the Grattan Institute.

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