Tag: home equity

A group of millennials

It’s still too early to assess the full impact of the COVID-19 downturn on Millennials’ economic fortunes. But Black Millennials had already lost a lot of ground before the pandemic hit their communities hard. Their wealth in 2019 was just half of what would be expected based on how much wealth their parents’ generation had…

Senior couple and tecnologies

Abstract This paper examines how homeownership evolves in old age and around the time of death, using detailed data from the Health and Retirement Study to assess the extent to which housing wealth held by older Americans might be used to complement Social Security in the provision of retirement income. Critical components of the analysis…