Stanford: Boomers are Entering Retirement with Less Savings, Greater Mortgage Debt
HousingWire, Nov. 9, 2018–Alcynna Lloyd
The report points to an increase in mortgage debt among older homeowners as a concern, noting that in 2012, one-third of homeowners over 65 were still paying off a mortgage–up from less than a quarter of homeowners in 1998. And, the amount owed on a mortgage has nearly doubled from $44,000 to $82,000.
