The Australian retirement dream is being destabilised by the rising cost of home insurance, as retirees on fixed budgets find themselves unable to absorb skyrocketing premiums.
Their generation caused climate change, now they’re complaining about living with the consequences. No sympathy.
"There is also a real onward danger, Mr Pringle believes, of older Australians pulling back from the sort of social community activities that are vital for physical and mental health.
“If they are not able to leave their house, because doing so in any way except maybe going for a walk around your block is going to cost you some amount of money, it means that all they’re doing is just trying to get by day-to-day,” he said.
"That’s a really horrible way for somebody to live. "
Young double income homebuyers I work with are already in this situation.
"There is also a real onward danger, Mr Pringle believes, of older Australians pulling back from the sort of social community activities that are vital for physical and mental health.
“If they are not able to leave their house, because doing so in any way except maybe going for a walk around your block is going to cost you some amount of money, it means that all they’re doing is just trying to get by day-to-day,” he said.
"That’s a really horrible way for somebody to live. "
Young double income homebuyers I work with are already in this situation.
They’re being forced to live like liminals and millenials. It’s shocking!!