Concerns Raised Over Potential 'Retirement Renting Crisis' in Britain
UKPulse Property Desk
A growing number of people may not own a home with a paid-off mortgage by retirement, raising concerns about a potential 'retirement renting crisis'.
- Estimates for retirement savings often assume home ownership with a paid-off mortgage.
- A growing number of individuals may not meet this assumption by retirement.
Concerns are being raised about a potential 'retirement renting crisis' in Britain. This comes as estimates for how much people need to save for old age typically assume they will own a home with a paid-off mortgage.
However, a growing number of people are reportedly not in this position, suggesting a shift in traditional retirement planning assumptions.