finance.yahoo.com

Visa Finds 31% of Homeowners Aged 80+ Still Paying Mortgages

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Sig1.55Sen-2.10Env0.00Soc-2.35Gov0.00

Visa’s analysis of baby boomers’ expected wealth transfer found that even among homeowners aged 80 and older, 31% are still making mortgage payments, up from 3% in 1989. Boomers hold an estimated $93 trillion in assets, but debt, retirement costs and taxes reduce inheritances. The company also points to real-estate access models and Arrived Homes, backed by Jeff Bezos.

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