
Pensions and the Coronation
Money Box
00:00
The Worries of Renting Now
A growing number of people have renting now rather than buying. Young people often can't afford to buy any longer. What worried does that give you for the future of their retirement? The key worry here are two things. If you own your own home by 65-ish, you are very likely to have paid off your mortgage. In comparison, if you haven't and you don't have a council house then you're going to be facing the private rented sector where rents are generally quite high. It's not totally clear that insecure tendencies will be appropriate for an 80-year-old or 90-year-olds indeed.
Transcript
Play full episode