Crunching the numbers: Over-65s spending almost all of pension on sky-high rent
By 2048, the number of people over 65 renting homes could double to more than 600,000. Some pensioners are spending almost all of their retirement savings on rent. In a recent interview, an unnamed pensioner from Whanganui revealed she pays $450 a week for her two-bedroom rental and has only $70 left from her pension. […]