Breaking the Poverty Cycle: How Rent Assistance Can Transform Retirement for Aussie Renters
2025-02-09
The Conversation
While many Australians enjoy a comfortable retirement, a significant number of retirees who rent are living in poverty. With over 75% of retirees owning their own homes, those who rent often struggle financially. However, boosting rent assistance could be the key to lifting them out of poverty. By increasing financial support, retirees can better afford basic necessities and alleviate financial stress. This solution can help bridge the gap and ensure a more secure retirement for all Aussies, particularly those reliant on rent assistance and pension plans, thereby reducing economic inequality and promoting financial inclusion.