More than one in five elderly homeowners in Europe are still paying off their mortgages. In Switzerland, only 40% of older people are outright homeowners, compared to more than 90% in Hungary and the Slovak Republic, and around 80% in Australia, Chile and the United States. Yet, even among the poorest 10% of the elderly, almost 70% are homeowners. In Canada, more than 90% of over-70s in the highest income decile own their homes.