<
https://theconversation.com/older-women-often-rent-in-poverty-shared-home-equity-could-help-some-escape-177452>
"Many older Australian women face insecure futures. Those who are single,
divorced or widowed are much more likely to suffer poverty, housing stress and
homelessness.
Our new Grattan Institute proposal for a national shared equity scheme could
help many escape that fate.
Single women who rent rather than own their homes are at the greatest risk of
poverty in retirement and are the fastest growing group of homeless
Australians.
They are financially vulnerable because they are more likely to have worked in
low-wage jobs, are more likely to have worked part-time or casually, and are
more likely to have taken long breaks from paid employment to care for others.
In later life, women experience the full consequences of lower lifetime
earnings, typically finding themselves with less super than men and in many
cases missing the opportunity to buy a house or losing the half share in a home
they had.
Women who have separated by age 65 are three times as likely as still
married-women to rent, and they have two-thirds the assets of separated men."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
