• 16% – Percent of boomers who would consider a reverse mortgage to take care of their own long-term care needs and costs.
  • 74% – Percent of boomers who are aware they are eligible at age 62 to apply for a federally-backed reverse mortgage.
  • 25% – Percent of people born in 1946 who say they plan to move to another area for retirement.

Source: MetLife Mature Market Institute

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.