Reported about 1 month ago
Suze Orman highlights the rising risk of inflation for retirees who choose to rent, as ownership rates among seniors have decreased. Though renting offers flexibility, Orman emphasizes the importance of planning for future rent increases, which could significantly impact budgets over time. With average rents rising approximately 4% annually, retirees should consider how these costs will evolve, particularly on fixed incomes, and possibly delay claiming Social Security benefits to enhance their financial resilience.
Source: YAHOO