Rising rents mean older Australians who are not home owners will need twice as much superannuation to enjoy the same retirement lifestyle as those who are mortgage-free, according to a report.
The research by Super Consumers Australia found that a typical single retiree paying rent would need $659,000 in super, compared to $322,000 for a home owner.
Super Consumers Australia, which produced the 2026 Retirement Savings Targets for Renters report, is a not-for-profit organisation that advocates for low-and-middle income Australians in the super system.
Reporting by Jason Dasey
#ABCNews
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