Tag: retirement income

Senior woman doing finances at home

The brief’s key findings are: Reverse mortgages, which allow retirees to tap their home equity, are insured by the government. The financial crisis hurt both the government’s insurance fund and the borrowers. Declining home prices led to losses when homes were sold. More borrowers defaulted. In response, the government has redesigned the program by: creating…

Mature man is hired to handle outreach to senior adults

Abstract This paper focuses on an explanation for the large shift over the past two decades in the composition of the income of the aged (65+), increasing the role of earned income and reducing the importance of income from their own assets.  We find that the pattern of change is consistently reported in all of…