In this episode we reveal what the secret to retirement happiness is…
It’s having NO MORTGAGE! Yes, I just revealed it to you. You can thank me later.
But actually, there are studies on this stuff. The Bureau of Labor Statistics (BLS) shows that debt is increasing for retirees, big time.
Housing costs account for over 1/3 of retirees expenditures and it’s getting larger as people age.
Also the amount of people who carry mortgages well into retirement is increasing significantly too.
Ironically, TowerWatson did a study that showed at the same time the satisfaction of retirees is declining significantly.
Coincidence? I highly doubt it.