The so named 'retirement village poverty trap' is where the $ value or your refundable amount on departure is so diminished over time by inflation, rising property prices and rising nursing home entry costs that it places you at a point where:-
- You do not have sufficient money to leave the village and re-enter the property market.
- You do not have sufficient money to enter a nursing home of choice, you have to rely on a government funded aged care placement.
See graphic below -
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Retirement Village Poverty Trap[/caption]
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