Tag: home equity loan
How to get seniors to spend $12 trillion in home equity. Recently, I read an opinion column arguing that older Americans are hoarding the nation’s wealth and housing stock. To reduce their power, the author suggested things like the reintroduction of mandatory retirement ages or the creation of a progressive tax on homes to encourag…
Staying healthy is becoming a preoccupation for baby boomers as each new medical problem arises and the existing ones worsen. The stress of having too much debt isn’t helping. The older workers and retirees who carry debt are less healthy than the people who are debt free, and higher levels of debt have worse healt…
