Description
| Summary: | Statistics and Difference-in-differences -- Regression Specification and Results -- Conclusions -- Disclaimer -- Notes -- References -- Chapter 6: Mortgage Foreclosures and Older Americans: A Decade after the Great Recession -- Mortgage Debt of Older Borrowers Has Risen -- Home Prices -- Data and Methodology -- Delinquency and foreclosure defined -- Findings -- Foreclosure Rates of All Loans by Age Groups -- 90+ Day Delinquency -- Prime and Subprime Loan Performance -- Conclusion -- Notes -- References.
Around the world, people nearing and entering retirement are holding ever-greater levels of debt. This volume explores key aspects of the rise in debt across older cohorts, drills down into the types of debt and reasons for debt incurred, and reviews policies to remedy some of the financial problems facing older persons, in the US and elsewhere.
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| Item Description: | Chapter 7: Paying It Back: Real-world Debt Service Trends and Implications for Retirement Planning. |
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| Physical Description: | 1 online resource (305 pages) |
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| Bibliography: | Includes bibliographical references and index. |
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| ISBN: | 9780192637543
0192637541
9780191904295
0191904295
9780192637550
019263755X |
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| Source of Description, Etc. Note: | Online resource; title from digital title page (viewed on December 10, 2020). |
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