Talking to Canstar about the retirement income gap
27 July 2021
Heartland recently wrote an article with Canstar about the retirement income gap and our ageing population. We discuss the fact that retirement income needs to stretch further than ever before, which can increase financial stress.
The recent Retirement Income Review released by the Federal Government suggests that the home is underutilised when it comes to retirement funding, pointing to equity release products such as reverse mortgages as a potential solution to the funding ‘gap’.
This is no surprise, considering the need for retirement funding in the future, with the Australian Bureau of Statistics projecting that older people will represent 22% of the population by 2057, and international research predicting that the global equity release economy could more than triple over the next decade.
As reverse mortgages are one of the most popular equity release options in Australia, Heartland also discusses what they are, and how they could help older Australians live a more comfortable retirement.
You can read the full article here.
Want to know more? If you would like to find out more about reverse mortgages, request your free Reverse Mortgage Guide.
If you require any assistance, feel free to get in touch, we are here to help you.
Information is accurate as of 27 July 2021 and may change from time to time.