A Third of Retiring Australians Still Paying Their Mortgages: CEO

The Senate Committee also heard arguments against super for housing, and problems with claiming super and insurance.
A Third of Retiring Australians Still Paying Their Mortgages: CEO
An Australian 100 dollar note is shown on Oct. 6, 2009. Greg Wood/AFP via Getty Images
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A third of Australians reaching retirement age, particularly around 60, are still paying off their mortgage, says Alexandar Hassall, co-founder and CEO of Your Financial Wellness.

Hassall was presenting to the Senate Economics References Committee, which is examining the effectiveness of superannuation and housing in ensuring good retirements for Aussies.

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