February 3, 2020

Unison: Senior Retirement Goals Unclear, Savings Insufficient

From Reverse Mortgage Daily

Nearly half of American homeowners, at 48%, say they plan to retire sometime in their 60s. An additional 9% plan to do so during their 50s, and 22% plan on their 70s. 5%, however, say they’ll never retire, and 11% don’t know if retirement is an option for them. These are the findings of a survey called “State of the American Homeowner,” conducted by alternative equity tapping company Unison.

More than two-thirds (68%) of American homeowners express being either “confident” or “very confident” in the amount of assets they have saved to fund their retirements, by-and-large the numbers they report do not appear to support such optimism, according to Unison.

Read the full article here.