The study also determined that a combination of inflation based increases in Social Security payments and low levels of mortgage debt helped homeownership among seniors emerge unscathed from the 2008 financial crisis.
Estimated reading time: 0 minutes, 18 seconds
A Mortgage Bankers Association study has determined that home ownership accounts for half of a typical senior’s wealth. So reports Financial Advisor.
The study also determined that a combination of inflation based increases in Social Security payments and low levels of mortgage debt helped homeownership among seniors emerge unscathed from the 2008 financial crisis.