The Post Star reports that of all the financial threats facing Americas of retirement age, housing debt remains a big burden for millions of them.
Data from The Consumer Financial Protection Bureau’s Office for Older Americans show that 30 percent of homeowners 65 and older – 6.5 million people – were paying a mortgage in 2013, a 22 percent increase from 2001.
The bureau also found that the median mortgage held by Americans 65 and older has more than doubled since 2001, from $43,000 to $88,000.
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