A new analysis shows the importance of owning a home in retirement and the challenges faced by renters due to a lack of housing supply and rising prices. Non-homeowning retirees are disadvantaged by income and asset thresholds, according to Retirement Essentials.
A new analysis shows the importance of owning a home in retirement and the challenges faced by renters due to a lack of housing supply and rising prices . Non-homeowning retirees are disadvantaged by income and asset thresholds, according to Retirement Essentials.
The maximum assets for a single, non-homeowning retiree to receive the full age pension is $543,750, but the income test limits financial assets to $289,000.
Homeownership Retirement Renters Housing Supply Rising Prices Income Test Asset Test
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