Retirees cannot afford rent with low salaries

Retirees cannot afford rent with low salaries
Date: 20.6.2024 13:00

Another great danger awaits retirees, who have been promised raises but have not been given raises in recent years.

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The deadline for the correction of pensions has arrived. However, no positive steps have been mentioned so far.
 
In fact, according to the latest information, retirees will only receive an inflation increase in July. So actually there will be no increase.
 
However, in our country where the minimum pension is 10 thousand liras, the salaries of millions of retirees will be below the average rent figures in our country.
 
The amount of the increase in rents that will occur when the 25 percent limitation ends in July remains uncertain.
 
However, the amount of raise retirees will receive is expected to be 20-25 percent.
 
In this case, even if there is a 25 percent inflation difference, the salaries of millions of retirees will not exceed the lowest pension, that is, 10 thousand liras.
 
However, after increases in rents, housing figures could double pensions.
 

25 PERCENT INCREASE LIMIT ENDS

 
Unless there is a change at the last minute, the 25 percent increase limit on rent will end as of July.
 
Since the Code of Obligations requires the 12-month consumer price index (CPI) average to be applied to the rent increase, the increase rate that will occur in July will be approximately 65.21 percent.
 

HOME OWNERS ARE ALSO IN LOSS!

 
While the 25 percent increase limit caused great financial loss to many homeowners, it also brought them into conflict with their tenants.
 
Removing the rent increase limit will create a deep gap between salaries and rent increases, and will cause homeowners, especially those whose house rents are extremely low, to succumb to inflation.

YEREL HABERLER

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