Skip to main content

FACT OF THE WEEK
 

4 in 10 households age 55+ have housing debt

 

 
“For households ages 55 and older, the share with housing debt increased by 8 percentage points between 2001 and 2013” from 32% in 2001 to almost 40% in 2013. “And the debt burden – defined as the median ratio of housing debt to household income – increased by more than 50 percentage points for this age group,” according to a 2016 analysis of data from the U.S. Survey of Consumer Finances. (p. 3, and Figs. 4, 6, 8)
       
 
        Munnell, A. H., Hou, W., & Sanzenbacher, G. T. (2016). How much does housing affect retirement security? an NRRI update. Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from this source.
Search for similar facts in Facts database

 

PREVIOUS FACTS

 

31 October 2016
Half of women aged 65-69 who are in the labor force are working full-time

24 October 2016
At age 62 and again at age 65, labor force participation drops by 5% for women and 7% for men

17 October 2016
4 in 10 workers aged 50+ say work-related training and skills development are essential

10 October 2016
4 in 10 adults aged 55+ were in the labor force in 2014

 

More »

Follow The Center on Aging & Work at Boston Collegelink to Aging & Work Twitterlink to Aging & Work Facebook