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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.
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