Tag: Black

Senior couple having breakfast in kitchen stock photo

The conventional wisdom for older workers heading into retirement is that owning a house is a good thing. The property has no doubt appreciated over many years, adding to their wealth.  But new research finds that homeowners often strain to a pay a mortgage that is larger than what they can realistically afford. The essenc…

A foreclosure sign

Homeowners nearing retirement have 40 percent of their wealth tied up in their homes. But to what extent do racial disparities in employment affect workers’ ability to hold on to a home and build up that wealth? This question is at the heart of an ambitious study of U.S. homeowners that digs into whether stab…