AMP CEO suggests retirees incentives to downsize homes, addressing housing cost support for children and future inheritance.
AMP CEO Alexis George suggests policymakers consider incentives to encourage retirees to downsize their homes, as part of efforts to help them spend more of their wealth during retirement. AMP's research reveals that retirees want to assist their children with housing costs but worry about their own financial security. Over 60s are expected to pass on $3.5 trillion to future generations over the next 20 years.
June 02, 2024
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