If you want to buy a unit in an over 50s block you will still pay close to a million for it anyway (Increase 750% app)
A million dollars in 1974 terms was about $21 000 ( For a house)
http://www.econ.mq.edu.au/__data/assets/pdf_file/0018/220581/Abelson_9_04.pdf
Aged pension 1974
https://www.google.com/search?client=firefox-b-d&q=what was the aged pemsion in 1974 australia
Column 1 Column 2 Column 3 0 July 1974 £10.00 £520.00
Aged pension now $450 / wk ( 115% increase App)
So IMHO we are on the cusp of technical hyperinflation but already experiencing it
BUT there are a multitude of pensions and in general the aged are the only ones who have, for a lifetime contributed towards what they get in a pension which is too low for many
