But their investment properties are not worth a lot. They had one on the market for 4 years before it finally sold at a fire sale price. It was rural and no one wanted to live there.
My point is like everything this isn't a black and white issue. Ok if there are pensioners living with millions of dollars in investments then that isn't right. But that's no different to that's really no different to working age people claiming pensions when they have other means of income.
My parents have worked all their lives in industries that didn't earn them millions yet as self refunded retirees they live with rules that are a minefield to negotiate.