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The brief’s key findings are: More than 1 in 5 households aged 60-69 in 2007 had a mortgage and had sufficient assets to pay it off. Paying it off makes sense unless a household: can earn a risk-free return that exceeds its mortgage interest rate; or cannot satisfy its demand for risky assets without borrowing…
The brief’s key findings are: Many Latin American countries adopted individual retirement accounts (IRAs) to supplement or replace traditional social security systems. Recently, a number of these countries have enacted reforms to better balance individual saving and social risks. The new reforms generally aim to improve – not abandon – IRAs and, at the sam…
