Here is the true value of having a fully paid-off home in America — especially when you're heading into retirement

Title: Here is the true value of having a fully paid-off home in America — especially when you're heading into retirement

Article Snip: "...analysis of U.S. Census Bureau data, Bloomberg found the number of Americans in this category jumped between 2012 and 2022 by 5 percentage points to just shy of 40%. Moreover, Bloomberg reports that more than half of these owners have reached retirement age. So if you’re fortunate enough to be mortgage-free and headed towards retirement, chances are you have a lot going for you financially. For starters, the worth of your home, should you choose to sell it, represents 100% equity. ..."

Reference: moneywise.com

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