Housing Wealth and Retirement Savings

William C. Apgar and Zhu Xiao Di

in The Oxford Handbook of Pensions and Retirement Income

Published in print July 2006 | ISBN: 9780199272464
Published online September 2009 | | DOI:

Series: Oxford Handbooks in Business and Management C

 Housing Wealth and Retirement Savings

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This article is divided into three main sections and a conclusion. The first section discusses recent trends in wealth accumulation, with a particular focus on the accumulation of housing wealth by older households. The next section examines the impact of housing wealth on consumption and investment activities, and demonstrates that, for most households, homeownership opens up new pathways for additional wealth accumulation. Given the fact that housing wealth is the largest component of wealth for most households, the article then turns to a discussion of the several significant risks that threaten to undermine the benefit which older Americans derive from accumulated housing wealth. The concluding section offers some brief observations on policy approaches designed to enhance the ability of housing wealth to add to the financial security of older people.

Keywords: housing wealth; retirement savings; wealth accumulation; homeownership; older Americans; financial security

Article.  8309 words. 

Subjects: Business and Management ; Business Ethics

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