New Zealanders who are still renting as they approach retirement are being told they need to take action.
Statistics NZ figures show that at least 90,000 50- to 54-year-olds do not own the home they live in, up from 60,000 in 2006 and 49,083 in 2001.
Another 70,000 people aged 55 to 59 and 55,000 people aged 60 to 64 are in the same boat.
from
http://www.stuff.co.nz/business/94915671/Over-50-and-broke-What-if-you-re-still-renting
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