Retirees still need pension, benefits
AAP
Analysis of Department of Social Services welfare applications by the CSIRO shows about 80 per cent of people who retire still need a pension or benefits.
In addition, half of all singles retire with total assets of less than $100,000, News Corp Australia reports.
The analysis shows that many people retire with too little put away and the group at greatest risk are those who don't own their homes.
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The decline in home ownership driven by high property prices will affect retirement and superannuation policy in the future.
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