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Two-thirds of renting retirees live in poverty, with savings under $25K for half, new report reveals.
A new report shows that two-thirds of renting retirees live below the poverty line, a situation expected to worsen as future generations reach retirement age without owning homes.
With half of renting retirees having less than $25,000 in savings, experts warn that lower homeownership rates will increase poverty among retirees.
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Dos tercios de los jubilados que alquilan viven en la pobreza, con ahorros inferiores a $25K por la mitad, revela un nuevo informe.