Tag: aging
Many older Americans could benefit from using home equity for some much-needed income in retirement. But they have found many reasons not to. Some want to preserve that housing wealth for their kids. Others don’t like the idea of cashing in on the equity if it means relocating to a smaller house or apartment or…
The brief’s key findings are: Many retirees are concerned about the risk of requiring substantial long-term care as they age, but the likelihood is unclear. This analysis, using two decades of data from the Health and Retirement Study, classifies the severity of care needs, accounting for both intensity and duration. The results suggest about one-fift…
