Tag: Housing
Remarkably, middle-class Americans have at least as much money tied up in their homes as they have in all their retirement plans, bank accounts, and other financial assets combined. A hefty share of older U.S. homeowners are even better off: 41 percent between ages 65-74, and 63 percent over 74, have paid off their mortgages…
A couple years ago, Daniel Cooper noticed something at the commuter rail station near his home in suburban Boston. A lot of parents were dropping off their adult children every morning to catch the train into the city. This fit with something he’d been thinking about as a Federal Reserve senior economist and policy adviser…
