Older Homeowners To Account For 1 Out Of 3 Households By 2035

Thanks to advances in health and longevity, 50 million households—one out of every three—will be headed by older adults by 2035, including 16 million households headed by those over age 80, according to the annual State of the Nation’s Housing report published by Harvard’s Joint Center for Housing Studies. “The magnitude of growth in older … more Older Homeowners To Account For 1 Out Of 3 Households By 2035

AARP Report Assesses Retirement Preparedness of 12 Nations

A new report released by AARP International examines the preparedness levels of 12 nations – Brazil, Canada, China, Germany, Israel, Japan, Korea, Mexico, South Africa, Turkey, the United Kingdom and the United States – for the profound challenges their societies and economies face as their populations age. The Aging Readiness and Competitiveness (ARC) Report, conducted in conjunction with FP Analytics, examines each nation in four … more AARP Report Assesses Retirement Preparedness of 12 Nations

$400 Trillion Shortfall

Katherine Chiglinsky of Bloomberg reported this week that longer life spans and disappointing investment returns will lead to a $400 trillion retirement-savings shortfall in about three decades, a figure more than five times the size of the global economy, according to a World Economic Forum report. A shortfall could be reached by 2050, the World … more $400 Trillion Shortfall

Gallup: Most U.S. Employed Adults Plan To Work Past Retirement Age

Nearly two-thirds of American workers say they plan to work past retirement age, but on a part-time basis, according to Gallup’s Economy and Personal Finance survey, conducted April 5-9. However, fewer Americans said they will work full-time and more of them said they will stop working altogether. When the same survey was conducted in 2011, … more Gallup: Most U.S. Employed Adults Plan To Work Past Retirement Age

Combating Isolation and Loneliness

The Senate Select Committee on Aging held a hearing on April 27 that examined the consequences of isolation and loneliness among America’s aging population and explored programs and resources for at-risk adults. “The consequences of isolation and loneliness are severe: negative health outcomes, higher health care costs and even death. The root problem is one … more Combating Isolation and Loneliness

Fixing America’s Broken Retirement System

When nearly half of all Americans don’t participate in a retirement plan, and many Americans who do have 401(k)s have depleted their savings because of emergencies, now is the time to take a fresh look at new strategies for improving access to America’s retirement system, according to Michael Molinski, a New York-based economist. Molinski contributed … more Fixing America’s Broken Retirement System

Home Equity Grows by $170.7 Billion for Older Homeowners

Home equity levels for homeowners aged 62 and older grew by 2.8 percent in the fourth quarter of 2016 to $170.7 billion, boosting their total housing wealth to $6.2 trillion. The growth in home equity, coupled with a 2.4 percent increase in home values for the same age group, drove the NRMLA/RiskSpan Reverse Mortgage Market … more Home Equity Grows by $170.7 Billion for Older Homeowners

Research Analyses Low Usage of Home Equity Among Retirees

New research from the National Council on Aging and a new Issue in Brief published by the Center for Retirement Research at Boston College show that limited awareness and knowledge of home equity tools contribute to the low take-up of financial products, such as reverse mortgages. Conducted over eight months, NCOA’s research – funded by … more Research Analyses Low Usage of Home Equity Among Retirees

Less than 20 Percent of Americans “Very Confident” About Retirement Savings

Six out of 10 American workers feel very or somewhat confident about having enough money for a comfortable retirement, though just 18 percent feel very confident, according to the 2017 Retirement Confidence Survey by the nonpartisan Employee Benefit Research Institute and Greenwald & Associates. The survey also suggests that many American workers are stressed about … more Less than 20 Percent of Americans “Very Confident” About Retirement Savings