If you’re marching through middle age and renting your home, the dream of retiring might be looking more like a scrambled egg than a golden nest egg.

Australia’s retirement system is stacked in favour of people with a mortgaged or paid-off home, yet one in five retirees are renting. Housing is fast becoming the rotten egg that lands hardest on single women, divorcees and lower income earners who can’t build up large super balances or savings while also paying soaring rents.

A single renter needs a superannuation balance of $340,000 to fund a modest retirement. Credit: Getty/WAtoday

“Renters face an impossible problem,” says acting Super Consumers Australia chief executive Katrina Ellis. “They have to spend significantly more than home owners to have the same quality of life in retir

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