Browsing by Subject "Debt"
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WI20-10: Home Ownership and Housing Debt in Retirement: Financial Asset for Consumption Smoothing or Albatross Around the Neck of Retirees?
(Center for Financial Security, 2020)For many retirees, the home is their most valuable asset. A house is both used as an investment and for consumption. If a home is paid for at the time when a person retires, they no longer have to service a mortgage or pay ...