Sunday 3 December 2017

Retired renter numbers to triple by 2032

The latest research and analysis from Scottish Widows has revealed that one in eight retirees, over 1 million people, will be renting by 2032 – treble today’s figure.

According to the data,  over 50s renters are not saving anywhere near enough to cover their rental costs in retirement, leaving a £43 billion shortfall.

In fifteen years, Scottish Widows estimates that 42% of the average retirement income will be spent on rent.

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source http://blog.evolutionproperties.co.uk/2017/12/03/retired-renter-numbers-to-triple-by-2032/

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