Tag: manage money
The brief’s key findings are: Home equity, the largest asset for most households entering retirement, can be tapped by downsizing or by taking a reverse mortgage. Few households currently use either option due to behavioral and informational barriers, a preference to stay in one’s home, and high transaction costs. To the extent that behavioral and…
With so many Americans in the dark about how to prepare for retirement, educating them about why it’s critical to save seems an obvious way to tackle this problem. But very few solid studies prove that financial education actually works. This field research should be counted as a positive result for a modest, low-cost financia…
