Tag: financial assets
The conventional wisdom for older workers heading into retirement is that owning a house is a good thing. The property has no doubt appreciated over many years, adding to their wealth. But new research finds that homeowners often strain to a pay a mortgage that is larger than what they can realistically afford. The essenc…
The brief’s key findings are: The impact of the financial crisis on the consumption of retirees depends on how much they have in financial assets, how they invest, and their reliance on assets for consumption. The crisis had little effect on those 40 percent with very small amounts of financial assets and the top 5 percent wit…
