WASHINGTON – March 3, 2014 – Americans aged 50 and older are more likely to be homeowners, based on a new report from the Employee Benefit Research Institute.
The analysis is based on 1998-2010 data culled from the University of Michigan's Health and Retirement Study, sponsored by the National Institute on Aging. At age 65, according to the research, a peak 81.2 percent of U.S. seniors own their homes.
The rate declines to 77.7 percent by age 75, falling steadily thereafter to hit just 54 percent for 95-year-olds
Rental trends for seniors move in the opposite direction, according to the paper, with renting peaking at 23.7 percent for the 50-year-old age bracket. The share of senior renters dips to 15.5 percent among 65-year-olds but then rises steadily for those aged 75 and older.
Additionally, the percentage of seniors living with relatives or friends climbs after age 80, at about 8.7 percent, to as nearly 18 percent by age 95.
Source: RISMedia (03/02/14)
© Copyright 2014 INFORMATION, INC. Bethesda, MD (301) 215-4688
No comments:
Post a Comment