Senior Housing Wealth Hits Record High of $7.54 Trillion
Homeowners aged 62 and older saw their collective housing wealth increase in Q1 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $120 billion to a record of $7.54 trillion. Read more…
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AAG Partners with SilverBills
Consistently paying bills on time and for the right amount can be a struggle at any age, but for seniors facing physical or cognitive decline, the inability to perform bill-paying tasks like the regular payment of property taxes and homeowners insurance can threaten their independence and livelihood. Such a recognition is the driving force behind […]
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Habitat for Humanity Extends to Aging in Place in Georgia
A grant program for seniors in the Columbus, Ga. area gives older residents a new avenue to explore for receiving critical repairs and upgrades to their homes in order to age in place, provided by long standing non-profit housing advocacy organization Habitat for Humanity. Read more…
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How to Juggle Work and Caregiving
Many working caregivers report health problems, depression, and lost time and lower productivity at work. If you’re taking care of an aging or ailing family member, you may also find that you have cut back on community involvement and are spending less time with other loved ones and friends. Read more…
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Reverse Mortgage Loan as a Long-Term Care Solution
Several years ago, Dr. Barbara Stucki, a Bend, Oregon, researcher and consultant, completed a study on reverse mortgages for the National Council on Aging. Stucki found one potential approach could be to create a system that more effectively manages long-term care funding for community-based options. One component of the model would be to offer incentives […]
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Pre-Retirees Aren’t Realistic About Retirement Expenses
In the first study, the Hearts & Wallets financial research firm, asked 495 “late career” workers age 53 to 64 whether they thought they’d spend more, less or the same on key expenses in retirement than they currently do. Keep reading…
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Workers Lack Access to Retirement Savings Plans
31 percent of employed Americans have no access to retirement savings accounts through their workplace. This is according to a new survey conducted by retirement advocacy organization Funding Our Future, in partnership with private research company Morning Consult. Read more…
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Social Security to Run Out of Funds in 2036
The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week by the Social Security Administration (SSA) and Cabinet […]
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Borrowers’ Children Weigh in on Reverse Mortgage Successes
While reverse mortgage loan originators frequently receive feedback from their clients and the family members of borrowers, it’s not often that borrowers’ family members weigh in publicly about their experiences. During the National Reverse Mortgage Lenders Association’s annual conference last month in San Francisco, several children of reverse mortgage borrowers shared their input with attendees—a […]
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Seniors More Comfortable Planning Funeral than Care
Although the demand for long-term care for America’s seniors continues to skyrocket, the number of seniors actually planning for it is not keeping pace. And while many older adults are beginning to make end-of-life plans, they are neglecting the years of life that are part of such arrangements. According to a new surveyi by Home Instead, […]
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