- 10 December 2016
Owning Property To Retire Comfortably
Kevin Young joined Kayley and Nick on the FiftyUp Club show and made recommendations on how many properties you should own if you want to be comfortable into your 100s. And yes, it’s more than you think.
According to new research, there were just 122 people in Australia aged over 100 in the early 1980s.
But thanks to advancements in health care, medicine, nutrition, and other areas, Australians are now living well into their 80s, 90s, and even past 100 at a rapidly expanding rate. By 2055, it’s expected there will be more than 40,000 centenarians living in Australia.
Our ageing population poses an economic problem – how do we pay for people to live past 100? And will superannuation come close to covering the cost?
Kevin Young is the founder of The Property Club and says superannuation won’t be nearly enough to financially support a population that lives for 30 or 40 years into retirement.
Read more at Talking Lifestyle on 2UE
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