What the 2016 Survey of Consumer Finances Tells Us about Senior Homeowners

Research Report

What the 2016 Survey of Consumer Finances Tells Us about Senior Homeowners

Abstract

An analysis of Federal Reserve’s 2016 Survey of Consumer Finances data to better understand home equity in the United States. Among other findings, researchers conclude that 3.3 million low- to moderate-income US seniors have over $775 billion in untapped housing wealth, senior homeowners of color may have the most to gain from extracting their housing wealth and that home equity extraction could grow in the coming years. 

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