Tag: retirement income
Abstract This paper examines conflicting assessments of whether people will have adequate retirement income to maintain their pre-retirement standard of living. The studies that it examines use data from the Survey of Consumer Finances (SCF), the Health and Retirement Study (HRS), and the HRS supplement Consumption and Activities Mail Survey (CAMS). Critical components of t…
The brief’s key findings are: Reverse mortgages, which allow retirees to tap their home equity, are insured by the government. The financial crisis hurt both the government’s insurance fund and the borrowers. Declining home prices led to losses when homes were sold. More borrowers defaulted. In response, the government has redesigned the program by: creating…
