REAL ESTATE Pam Walkley
Rising inflation hits many older people hard, because once you retire and start living off your savings, inflation eats away at your purchasing power.
And living costs for retiree households are often skewed towards the areas with the biggest price rises, such as food and power, given retirees generally spend a higher portion of their income on these goods than working households.
Retirees living on fixed incomes - either the pension, their super or a combination of the two - can’t ask the boss for a pay rise, but they can utilise their family home to increase their spending power and improve their standard of living.
There are
