homes

Is Rising Mortgage Debt Threatening Retirements?

Posted on 05/8/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsOlder Americans are carrying more mortgage debt and have accumulated less home equity than their peers a decade earlier, according to a report by the Consumer Financial Protection Bureau. The median mortgage debt for those age 65 and older rose 82 percent to $79,000 from 2001 to 2011, according to the agency. And though delinquencies and foreclosures have decreased since 2012, they had increased fivefold between 2007 and 2011 among older homeowners, the CFPB reports. “A home can be a place of …

It’s Time to Talk About America’s Long-Term Care Crisis

Posted on 04/8/2014 by |AARP Executive Vice President | Comments

CaregivingAARP applauds the Bipartisan Policy Center for highlighting the need for a real discussion about America’s long-term care crisis and solutions to address it. Millions of individuals and families currently caring for loved ones are faced every day with physical, financial and emotional challenges. Family caregivers need support — individuals want to live independently in their homes and communities — and as a country we are not prepared. Every night, families are discussing these tough issues around their kitchen table. It’s time …

Give Today’s Retirees a ‘D’ — for Debt

Posted on 01/22/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsWhat’s quickly eating up a growing share of retirees’ money these days? Not health care, as you might expect, according to a new report by the National Center for Policy Analysis. Over the past 20 years, a greater percentage of older Americans’ dollars has gone to servicing debt, particularly mortgage and home equity loans, the “free market” think tank says. It used government data to compare the spending habits of today’s retirees with those of their predecessors, finding, for instance, that 20 …

Location, Location: Do Homes Near Graveyards Sell?

Posted on 10/21/2013 by |Money and Work | Comments

Money & SavingsWould you have grave concerns about buying a home near a cemetery? The real estate brokerage Redfin was dying to know if homes near cemeteries, with rows and rows of tombstones, sell for less than homes a greater distance away. Turns out they sell for more — when they sell. Sign up for the AARP Money Matters newsletter The company compared sales prices of homes from 50 feet to 1,000 yards away from cemeteries in 90 metropolitan areas. On average, homes closer …

Recommendations of Long-Term Care Commission Show Progress

Posted on 09/13/2013 by |AARP Executive Vice President | Comments

Caregiving | PoliticsThe federal Commission on Long-Term Care voted Sept. 12 on its final recommendations, which will be included in the commission’s final report later this month. AARP is encouraged by the examination of the serious, policy-focused bipartisan recommendations to address our country’s long-term services and supports crisis, which affects millions of people, including older Americans, people with disabilities and their family caregivers. While the recommendations are far from perfect, they show progress in seeking solutions to this crisis. Importantly, we are …

Where’s Home Sweet Home? Probably Where You Are

Posted on 06/4/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsAmericans stayed put in record low numbers from 2005 until 2010, according to a new Census Bureau study. Only 35.4 percent of people moved during the period, the lowest rate ever recorded by the Census Current Population Survey, and 4.1 percent lower than during the previous five-year period. Older Americans, who generally relocate less often than younger adults, followed the trend. Less than 14 percent of people 65 and older moved — compared with more than 18 percent from 2000 …