Divorcees face homeless risk
MIDDLE-CLASS divorcees risk poverty and homelessness as they grow older, according to new research from the Salvation Army.
Women over 40 who return to renting may never get back into the housing market, said the study's author, Swinburne University's Dr Andrea Sharam - and if their career path has been "mummy tracked" by periods of part-time work and maternity leave, they probably don't have enough superannuation.
By surveying 111 Victorian women over the age of 40 who did not expect to own their own homes before retirement, Dr Sharam discovered that 77 per cent were still renting, even though 79 per cent had tertiary degrees, 76 per cent were employed and their median income was $50,000.
"It's not about low income, it's about your life course," said Dr Sharam.
"You can do remarkably well, but as soon as you divorce, it's a different story."