Tag: homeownership
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…
The brief’s key findings are: For a comfortable retirement, many households may need to tap their home equity but, currently, few take out a reverse mortgage or defer their property taxes. One reason may be that, if they move during retirement, they would have to pay back the loan and could be left with inadequat…
