🇦🇺 pension

A pension refers to a type of retirement income plan that provides financial support to individuals after they stop working. In Australia, the pension is trending due to recent discussions about rule changes and tax-free schemes that could potentially unlock millions of spare bedrooms, as well as concerns about housing supply and affordability. This comes as Baby Boomers are choosing to stay in their homes rather than downsizing, contributing to a shortage of available housing. Understanding the pension and its implications is crucial for Australians planning their retirement and housing needs.