Many retirees face cash shortages despite owning valuable assets like homes.

A significant number of retirees find themselves in a financial bind where they own substantial assets like property but lack sufficient liquid cash. This situation forces them to struggle with covering daily living expenses, medical bills, and groceries. The issue stems from their wealth being tied up in non-liquid investments, making it inaccessible for regular use. Experts warn this is a common trap that can undermine retirement security and savings.