Natural disasters are uprooting Americans' retirement plansOlder homeowners face significant risks to financial stability due to natural disasters and rising costs.Many older adults rely on their homes as key retirement assets.
Seniors are in the sweet spot for tapping into home equityHomeowners currently have $35 trillion in equity, double pre-crisis levels, with older homeowners increasingly accessing this wealth for retirement.
Natural disasters are uprooting Americans' retirement plansOlder homeowners face significant risks to financial stability due to natural disasters and rising costs.Many older adults rely on their homes as key retirement assets.
Seniors are in the sweet spot for tapping into home equityHomeowners currently have $35 trillion in equity, double pre-crisis levels, with older homeowners increasingly accessing this wealth for retirement.
10.5 million borrowers at or over age 65 still have forward mortgagesMany seniors still pay mortgages, with 10.5 million aged 65+ facing this financial reality.Older homeowners have low housing costs despite mortgage burdens; homes tend to be less valuable.