Demographic Trends, Housing Equity, and the Financial Security of Future Retirees
نویسنده
چکیده
منابع مشابه
Homeownership, Social Insurance, and Old-Age Security in the United States and Europe
Relatively few Americans have accumulated substantial savings outside of their employer-sponsored retirement plans, yet most own their homes. The traditional view of the retirement income system as a three-legged stool supported by Social Security, private pensions, and savings may be better viewed as being supported by Social Security, pensions, and homeownership. Country-specific economic, so...
متن کاملThe Wealth of Older Americans and the Sub-prime Debacle
This study explores the consequences of the housing price bubble and its collapse for the wealth of older households. We utilize micro survey data to follow the rise in home values to 2007, observing which households enjoyed home price appreciation and how they responded in terms of equity withdrawal. We then use the SCF survey data on wealth holdings from 2007 in combination with national pric...
متن کاملRacial and ethnic differences in wealth and asset choices.
White households in the United States are far wealthier than black or Hispanic households, a disparity that remains unexplained even after taking into account income and demographic factors. This article uses data from the Health and Retirement Study to examine various components of aggregate wealth, including housing equity, nonhousing equity, financial assets in general, and risky assets in p...
متن کاملHOUSING AS A PIECE IN THE OLD-AGE PUZZLE** The role of housing equity in old-age security in eight countries
Many housing and welfare researchers in the last few decades have dealt with the so-called trade-off debate concerning the trade-off between welfare and home ownership. Countries with a high home ownership rate have lower welfare arrangements. The debate is about the causality of this statistical relationship; is welfare low because the home ownership rate is high or is it the other way around....
متن کاملRetiring in debt? An update on the 2007 near-retiree cohort.
This research note uses 2007 Survey of Consumer Finances (SCF) data to update the authors' work reported in a prior article, which used earlier data to assess debt levels among households approaching retirement in 1995 and 2004. The authors assess whether there have been changes in the debt holdings of near-retirees in 2007, a point in time reflecting the start of the recent financial and econo...
متن کامل