Australia sits among the world’s wealthiest nations on a median# household basis. However, much of that wealth is in residential property, now nearing $12 trillion in aggregate, almost three times the size of current total superannuation system assets.
That concentration of illiquid non-financial wealth is creating its own complications as retirement approaches, particularly for those still indebted.
In our new white paper ‘The Growing Debt Burden of Retiring Australians: Challenges, Solutions and Opportunities’ we unpack what this growth in housing debt means for retirement. We then suggest some measures to help ameliorate this expanding retirement cashflow imbalance.