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WI21-10: Older Adult Out-of-Pocket Pharmaceutical Spending After Home Mortgage Payoff
(Center for Financial Security, 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, while the outstanding loan-to-value ratio tripled ...
WI21-07: Economic Security in Retirement: How Does Borrowing from Home Equity After a Health Shock Affect Health Outcomes?
(Center for Financial Security, 2021)
The onset of a costly disease in retirement can present a significant threat to economic security. Older adults often self-insure against these risks by accumulating wealth, including home equity. For many older adults, ...