In Australia 2014 there were 2.3million Australians living in poverty @ACOSS in 2021 3.8million Australians, and in 2022 its 4million people- 1.2m are children. The status quo is unacceptable, people are falling through the cracks of progress. Something needs to shift #auspol
We are retiring with more debt
Treasury’s 2020 Retirement Income Review stated:
“The existence of many ‘asset rich income poor’ retirees on the Age Pension suggests home equity release has significant potential to help support retirement incomes.”
@FirstlinksAus
The growing debt burden of retiring Australians @FirstlinksAus
💯 accurate and affects boomers and Gen X, no doubt the debt in retirement is growing for successive generations.
#auspol#debt
https://t.co/QsBOSl9dHV
The growing debt burden of retiring Australians @FirstlinksAus
💯 accurate and affects boomers and Gen X, no doubt the debt in retirement is growing for successive generations.
#auspol#debt
https://t.co/QsBOSl9dHV
Excited to present at the 33rd Colloquium on Pensions & Retirement Research @CEPAR_research
The risk is cumulative and predictable. The problem is systemic and gendered.
It’s not easing anytime soon unless we reform super, housing & labour market
#poverty#women#auspol
Great to see the industry catch up on the reality of too many women facing poverty in retirement, our prediction … it equally affect anyone who is single, renting, and with low superannuation balances. The problem is gendered and generational.
Older women “could” retire in poverty is an understatement! Too many women already have fallen into homelessness and poverty, women over 55 are the fastest growing group of homeless https://t.co/COCqbOKJSO
So many have raised the alarm on women and retirement in the last 5 years including reports by Actuaries Institute , Workplace Gender Equality Agency , ASFA | The Voice of Super and PrimeLife Partners all pointing to the need for greater reform and education.
PhD application sent to my supervisor 🤞🏼🤞🏼🤞🏼🤞🏼
Totally surprised 😳 at how much I’ve done in terms of research incl a few peer reviewed articles 😅
Wish me luck - I have yet to be accepted 🙏🏼
How’s your superannuation travelling?
Kaye Fallick thank you for this very insightful and concerning reality check about retirement security. @RetirementE
The median super at 65-74 is $200,000 – $218,000.
#retirement#superannuation#phd
Older women and #homelessness $400 pw for a one bedroom “affordable housing” apartment (provided by a charity) in Bondi junction- this is what a 70 yo woman is paying in rent. She’s on the single age pension.
She couch surfed for 3 years before getting this place. #nswpol
Join us in person or online
Meeting the Challenges of Longevity on the South Coast
NOW STREAMING.
Join us for an important conversation about how we can address the challenges and opportunities across financial security, housing security, securing
https://t.co/9pxnoVhPKB
We built this data tool @PrimeLifeP to understand the 45+ demographic. Their housing, health, employment, and need for assistance. We have made it easy for you to generate an infographic from the data.
#auspol#electorate
Okay to save time - negative gearing is examined by every government. It is a major tax concession and always contentious and so it is always looked at - what does it cost? What would particular changes mean in terms of revenue and housing affordability. There are many pages in my memoir describing the detailed consideration of negative gearing that went on in my government in which Peter Dutton was a cabinet minister.
Meeting the challenges of longevity on the south coast
@PrimeLifeP join us for an imitating conversation about financial and housing security
#event#southcoast#ageing
https://t.co/4NOTPHBiNq
As of yesterday all toilets in rentals must be dual flush, with a minimum 3-star Water Efficiency Labelling to meet legally prescribed water efficiency measures. If these standards aren't met, the landlord cannot pass on water usage charges to the tenant. https://t.co/V2dHqRRWSY
Under this budget a nurse will pay more tax than one third of big corporations in Australia. If that nurse is a renter, they may never be able to buy a home because they'll be competing with investors with massive tax handouts from this budget.
That is desperately unfair.