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Seniors’ Wealth Heavily Comprised of Homeownership

Sunday, Dec 15 2013

News Roundup

Written by PFA News

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A Mortgage Bankers Association study has determined that home ownership accounts for half of a typical senior’s wealth. So reports Financial Advisor.

The study also determined that a combination of inflation based increases in Social Security payments and low levels of mortgage debt helped homeownership among seniors emerge unscathed from the 2008 financial crisis.

Read the full article from Financial Advisor.

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