4 ms·
The relevant figure is median home equity at retirement or potentially age of death. The overall median would include 20-30 year olds that have only a deposit,
by esotericn 7y ago
The relevant figure is median home equity at retirement or potentially age of death.
The overall median would include 20-30 year olds that have only a deposit, 30-40 that are still paying it off, etc. They're not handing down anything for another 20+ years.
- downerending 7y agoGood point. Would be interesting to know that numbers. On the flip side, people late in life can incur immense medical costs, and it's easy to zero out equity entirely in that case.