It’s an often-cited fact that [tag]home equity[/tag] will provide the bulk of “savings” for [tag]baby-boomers[/tag] entering [tag]retirement[/tag]. But I found this visual image of just how important home equity is to various age groups to be a real eye-opener:

The graph comes from an excellent report by the [tag]U.S. Census Bureau[/tag], 65+ in the United States: 2005 which provides a very thorough analysis of the elderly population in America. Clink on the link in the preceeding sentence to obtain the report.

Tapping into this home equity wealth (wheter through reverse mortgages or other means) will be a major challenge and opportunity in the coming years.

A Few More Related Articles of Interest:

Building Wealth for Retirement

Report from Center for Retirement Research

Home Equity and Retirement

Study Shows HECM Lifetime Tenure Payment Option is Best Choice

Japan: Fertile Ground for Reverse Mortgages - or Not?