Several social, economic and demographic factors are driving the growing need for Home Equity Release. The combination of falling birth rates and rising life expectancy means that around the globe the proportion of the population aged over 60 is rising rapidly.
There is a growing ‘Pensions Gap’ between what is available (from state-sponsored and private pensions) and what is required to fund people in their retirement. Already in many countries current pension and public health care arrangements are not sufficient. The cost of providing public benefits to people over the age of 60 will grow steadily as the proportion of the population made up of older people grows. (Source and more information: Seniors Money International)