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.