The Joint Center for Housing Studies at Harvard University recently released an interesting look at trends in housing debt and home equity by age group. Entitled “Emerging Cohort Trends in Housing Debt and Home Equity, the study by George S. Masnick, Zhu Xiao Di, and Eric S. Belsky was prepared for presentation at the Annual Meeting of the Population Association of America to be held in Philadelphia, March 31 to April 2, 2005. The study looked at age groupings of the U.S. population in ten year increments: 15-24, 25-34, up to 65-74 and then over 75 years of age, measuring several characteristics: amount of mortgage debt carried by homeowners, home equity, and amount spent on housing-related expenditures as a share of income. Populations were further divided into married and un-married persons and compared data from 1990 and 2000. The study found some very real changes in debt patterns. It recalled the days where a homeowner labored 20 years or so to pay off the mortgage, a rite of passage that was sometimes even the cause of a celebratory “burning the mortgage” party. The elimination of this debt freed up significant funds which the homeowner could divert to increased consumption or,
Ce contenu est restreint aux membres. Si vous êtes un utilisateur enregistré, connectez vous. Les nouveaux utilisateurs peuvent s'enregistrer ci-dessous.
