About 73% of retired Americans say they plan to hang on to their homes rather than sell or downsize.

In addition, 21% of working Americans who are within 5 years of retirement plan to hold onto their homes when they retire, at least for a while, according to Principal Financial Group Inc., Des Moines, Iowa.

Principal gathered that data while compiling its Principal Financial Well-Being Index, which draws on a quarterly survey of U.S. businesses with 10 to 1,000 employees.

Although 65% of U.S. residents own their own homes, 36% have less than 20% equity built up.

About 78% of the retirees and 76% of the working survey participants said they would not consider taking out a reverse mortgage or selling their home to help fund their retirement.