Research Report What the 2016 Survey of Consumer Finances Tells Us about Senior Homeowners
Laurie Goodman, Karan Kaul, Jun Zhu
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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. 

Research Areas Wealth and financial well-being Aging and retirement Race and equity Housing finance Housing
Tags Economic well-being Asset and debts Racial and ethnic disparities Housing markets Homelessness Housing and the economy Homeownership Financial products and services Racial barriers to housing Racial homeownership gap
Policy Centers Housing Finance Policy Center