Thursday, November 27, 2014

The Housing Geysers of Prosperity

The following chart shows the 2-year moving average of household owners' equity in real estate divided by the net worth of households and nonprofit organizations.

Click to enlarge.

February 14, 2013
Is Relying On Home Equity For Retirement A Good Idea?

Of Americans aged 50 to 70, 47% have reported that they are relying on home equity to fund their retirements, according to a survey conducted by Ameriprise Financial. This figure is an increase from the 39% that provided that response prior to the economic downturn. In addition, 37% responded that they are not currently on track to have their mortgages paid off prior to retirement.

Source Data:
St. Louis Fed: Custom Chart

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