Nearly half of US households may not be ready for retirement

February 2, 2021

Nearly half of all American households currently are at risk of not having enough financial resources saved for retirement, according to a new analysis. The findings highlight a troubling trend that many Americans did not sufficiently benefit from the economic gains from 2016-2019.

A reverse mortgage could be a potential avenue for homeowners to boost their retirement capital, allowing borrowers to tap into their home’s equity to help make ends meet.

 


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