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‘Growing generation of older Australians’ at risk of being in poverty


Grattan Institute’s Brendan Coates says fewer Australians owning a home in their retirement is a “recipe for a growing generation of older Australians in poverty”. 

“As home ownership is really hollowed out for lower and middle-income Australians, we’re seeing home ownerships falling not just at that 25 to 34-year-old category, but also in their 30s and 40s and even their 50s,” he told Sky News host Cory Bernardi.

Grattan Institute’s Brendan Coates says fewer Australians owning a home in their retirement is a “recipe for a growing generation of older Australians in poverty”.

“As home ownership is really hollowed out for lower and middle-income Australians, we’re seeing home ownerships falling not just at that 25 to 34-year-old category, but also in their 30s and 40s and even their 50s,” he told Sky News host Cory Bernardi.

Grattan Institute’s Brendan Coates says fewer Australians owning a home in their retirement is a “recipe for a growing generation of older Australians in poverty”. “As home ownership is really hollowed out for lower and middle-income Australians, we’re seeing home ownerships falling not just at that 25 to 34-year-old category, but also in their 30s and 40s and even their 50s,” he told Sky News host Cory Bernardi.

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