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Pensioners rely on property

03 December 2008

According to a report from uSwitch.com, almost 1.7 million pensioners are relying on property to fund their old age. The report suggests that reliance on property is also high amongst the next generation of retirees with more than a quarter of 55-64 year olds following suit, meaning that today's property slump is going to hit the next generation of retirees hard as well.

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