Senior Home Equity: A Golden Retirement Asset
Update: 2025-12-31
Description
Americans aged sixty-two and older hold a record $14.39 trillion in home equity, with median amounts reaching $250,000 for those aged sixty-five and up. This housing wealth often surpasses other retirement savings, making homes the top asset for many retirees. However, racial gaps persist, with Black and Latino homeowners having significantly higher home equity as a percentage of their net worth compared to White homeowners. The challenge lies in safely tapping into this wealth without risks, as options like downsizing, moving, or reverse mortgages come with trade-offs. For many Americans, their home value is the key to a comfortable retirement. Checkout Solipillow.com
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