Chris Herbert, Jennifer Molinsky, Samara Scheckler, Kacie Dragan
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October 15, 2021
Older adult homeowners increasingly carry mortgage debt into retirement. The share of homeowners aged 65 and older with outstanding mortgages doubled between 1989 and 2016,…
Owning a home has the potential to provide older adults with higher levels of financial security, housing stability, and housing quality. Given that a large majority of older…
This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…