Timothy Kyng|Ling Li|Ay?e Bilgin
Financial and statistical literacy for retirement housing decisions in Australia
Australian Institute of Health and Welfare
many older people australia sell family home fund long term residential arrangement retirement village contracts complex consumers usually lack capacity compare various retirement village contracts arrangements designed methodology comparing contracts via comparison rent metrics working towards developing free online publicly available calculator relevant educational material facilitate informed decision making consumers proposed calculator utilise publicly available data mortality disability model survival resident status compute various metrics measure costs benefits risks contracts metrics vary age gender health characteristics freely soon available resources intended educate consumers advisors families statistical health financial literacy need make important decision towards end lives