Do People Plan to Tap their Home Equity in Retirement?

Posted: 9 Mar 2010

See all articles by Alicia H. Munnell

Alicia H. Munnell

Boston College - Center for Retirement Research

Mauricio Soto

International Monetary Fund (IMF)

Jean-Pierre Aubry

Boston College - Center for Retirement Research

Date Written: May 1, 2007

Abstract

Many of today's workers are at risk of having insufficient resources in retirement. The reason for this gloomy picture is a rapidly changing retirement landscape defined by a rising Social Security retirement age, a sharp decline in traditional pensions coupled with modest 401(k) balances, and longer life spans. Yet, in spite of these trends, Americans have not responded by saving more on their own. Outside of employer-sponsored pension plans, individuals save virtually nothing for retirement.

Suggested Citation

Munnell, Alicia and Soto, Mauricio and Aubry, Jean-Pierre, Do People Plan to Tap their Home Equity in Retirement? (May 1, 2007). Available at SSRN: https://ssrn.com/abstract=1116369

Alicia Munnell (Contact Author)

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States
617-552-1762 (Phone)

Mauricio Soto

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Jean-Pierre Aubry

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States

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