Tuesday July 14, 2020

Delivering a win-win deal for downsizers

The right mix of incentives could free up family homes, give empty-nesters cash and security, and aid social coherence

13th March, 2016
Downsizing shouldn't lead to elderly people being removed from their homes Pic:iStock

Is there a way to encourage older people to downsize, to make it financially rewarding and at the same time resolve some of their concerns about where they live and why?

There are two general economic approaches, the first is the carrot – or incentive – the second is the stick – or punishment, but in which order and in which way are they applied?

The first thing is to accept that older people may...

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