Gerard Rennick People First Party

Debt is killing the Australian dream of owning your own home.

This is having a devasting impact on the birth rate, cost of living and retirement plans.

This has been driven by decades of financial mismanagement by governments and the RBA.

Despite many people working longer than ever, Superannuation is not reducing the number of retirees on the pension.

If you want to see change then sign up to Peoplefirstparty.au today.

We have the solutions for today and the vision for tomorrow that will put you and your family first.

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“As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire.

This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago.

To exacerbate the situation, 40% of individuals and 33% of couples will utilise their entire superannuation savings to pay off their debts.”