Boomers Will Carry Mortgage Debt Into Their 70s, Study Finds
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44% of 60 to 70-year-old homeowners bring their mortgage into retirement, finds a study from American Financing. To make matters worse, 32% said it will take them more than eight years to pay it off and 17% report they’ll likely never pay it off. The study predicts Baby Boomers will carry their mortgage debt into their 70s. For more info: http://retirementnewstoday.com/.
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