I used to work in financial services. My former boss still sends some interesting info.
OLD AND STILL OWING MONEY - In 2016, 46% of American homeowners ages 65-79 had outstanding mortgage debt on their primary residence, almost double from the 24% of this age bracket that had mortgage debt 30 years earlier (source: Joint Center for Housing Studies of Harvard University).
10,800 Americans will turn 65 years old each day during 2020, i.e., 1 every 8 seconds. This group represents the 10th year of 19 years of “Baby Boomers” turning age 65. An estimated 11,500 Americans will turn 65 years old each day in the year 2029, the final year of the 78 million “Baby Boomers” (source: Government Accountability Office). |
