In Brief: Quarter of retirees financially struggling despite paying off mortgage
Thursday, 29 August 2024
Urgent need for effective financial strategies and support systems to ensure a dignified and secure retirement
According to a new study[1], around 21% of retirees say that, after paying off their mortgage, they are “unable to live fulfilling lives” due to insufficient retirement funds. This situation underscores the financial challenges many retirees face, even after achieving what many consider the major milestone of homeownership.
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