According to UPI, homeowners over 50, many of whom bought their homes before the housing boom, as well as those under 30 remain, the most confident their homes’ values will play animportant role in their retirement. Among those older than 50 who are approaching retirement, 71.7% see their homes’ value helping to pay for retirement. Some 83% of young homeowners between 18 and 29 have hopes the housing market will recover in time to help them in retirement, more than any other age group.
The survey also found two out of three homeowners (68%) say that if they lost their job, they wouldn’t be able to make mortgage payments after nine months; the Bureau of Labor Statistics has that figure at10 months. .
The survey on home ownership is based on a national telephone survey of 2,264 homeowners.
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