The Transfer of Intergenerational Wealth.

Issues with the retirement village industry can be best summed up by the following statement from Mr. Tom Gait, the then President of the Retirement Village Residents Association.

"Families need to be aware that what we are talking about here is the transfer of intergenerational wealth, not to families, but into the pockets of large multi-nationals. Shame about elderly people not having enough money for aged care."