Retirees feel the pinch from inflation [Australia]

RETIREES feeling the pinch from rising inflation and high interest rates could access a little-understood credit stream. Several financial planners suggest the under-utilised product, called a reverse mortgage and designed solely for the over-60s, could help the growing "grey army" who are home owners to supplement their incomes. But other financial advisers warn there are pitfalls. Reverse mortgages [...]