Fact Sheet: The NRRI and the House

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The Fact Sheet’s key findings are:

  • Despite the bursting of the bubble, the house is still a major component of most households’ wealth.
  • In the NRRI, households are assumed to tap their home equity through a reverse mortgage.
  • If they don’t tap their equity, the share of households ‘at risk’ in retirement jumps from 51 to 61 percent.
  • While few have reverse mortgages today, ignoring housing equity may be a luxury that future retirees can ill afford.