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The Potential Role of Home Equity in Enhancing Retirement Security
Friday, November 4, 2016 6:45 AM

The Baby Boom generation possesses enormous home equity, which by some estimates exceeds $6 trillion. Despite this mountain of housing wealth, many Boomers will face significant financial insecurity in retirement.

In the first of a series of studies sponsored by Fannie Mae, the Urban Institute examines the potential role of home equity in improving retirement security. The working paper analyzes how much home equity older households have, the rates at which they tap into that equity, how much housing debt they have, and how these patterns differ over time and across various subgroups. The authors' analyses also highlight the opportunities and challenges that Boomers will likely face in making housing wealth a part of their retirement income strategy.

Learn about the study and key findings in the related FM Commentary, and read the full paper here.