they can do equity releaseIf an old person whose only asset is their home and they had to sell it , they would have some cash but nowhere to live.
They would then have to rent somewhere to live and pay rent, this would just create more demand for rental properties.
How long they lived would
decide how long their savings lasted.
they live in a home that has accumulated wealth through no effort on their part
we live in a society where the younger generations cant afford to get on the housing ladder at all, ever