The Housing Bubble and Retirement Security

Source: Alicia H. Munnell and Mauricio Soto, Center for Retirement Research, Issue Brief 8-12, September 2008

The brief’s key findings are:
• During the housing boom of 2000-2007, house prices rose 60 percent.
• One-quarter of homeowners extracted equity.
• One-third of the extracted equity was consumed.
• With the bursting of the bubble, this pattern has caused a 14 percent decline in net worth for the typical household nearing retirement.
See also:
Working Paper

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