Do single people have the wealth to move into a village?

Sep 27 2012 Updated July 4, 2023

The Weekly Source

1 min read

Some ABS stats to ponder for single Australians over 65 years of age
77% of single people have only the pension as income
The median net worth is $380,000
The median superannuation savings is $13,400
The 2011 McCrindle Baynes research that captured 10,600 village residents found that just 3% of people who join a village had never married, strongly indicating spinsters cannot afford the village purchase. Interestingly 29% were widowed before moving and 6% were divorced 35% all up.

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