Reverse Mortgage

A Third of Older Adults’ Budgets is Spent on Housing 

For many aging Americans, about one-third of their living expenses will be spent on housing, according to a recent report from the U.S. Bureau of Labor and Statistics. Housing was the greatest dollar expense among households age 55 and older at $16,219, representing 32.9% of total annual expenditures, the report states. As age increased, so […]