Monday, 2 June 2014

A Third of 'Middle-Agers' Not Able To Afford Current Homes after Retiring

One in three 40- to 50-year-olds believes they will not be able to pay their rent or mortgage once they retire, according to research by Raglan Housing. According to the survey, the ‘middle-agers’ believe their pensions, savings and investments will not be enough to keep them in their current homes. More than a quarter think they will need to move to cheaper accommodation, while 47 per cent don’t know what they will do.  The survey, carried out across the UK, showed 44 per cent believe there is a lack of suitable affordable retirement housing.  One in four people in Britain is now aged over-55 and this figure is predicted to rise to one in three by 2030. Read more on Inside Housing.

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