Seniors Fare Better During Housing Crunch

Senior Housing News states although household net worth across all age groups fell 35 percent between 2005 and 2010, from $102,844 to $66,740, for 65+ homeowners the drop was only 13 percent, from $195,890 to $170,128. The 35-and-under households median net worth dropped from $8,528 to $5,402, a 37 percent decline. The most home equity of all age groups is the 70-74 range, with a value of $140,000. MHProNews.com has learned much of seniors’ net worth, excluding home equity, is in outside investments.

(Photo credit: MasterFile)

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