This new « double whammy » – the effect of employing your own prominent family just like the protection to possess an financing
Financial obligation and you can Retirement cannot wade to one another.
Ideally, couples and individuals should try to getting debt 100 % free toward old age – the household domestic « brings real financial coverage and you will less life costs in the event that completely owned on the old age ». However, even as we mention someplace else on the website, RBA investigation demonstrably implies that the fresh new proportion of men and women aged 55+ having mortgages features increased significantly during the time of 2001 – see the chart below.
More recent info is sadly hard to supply, however the prevalence of new home buyers are helped from the « Financial of Mum and you can Dad » suggests that retiree indebtedness is probably growing notably.