Dramatic Drop in Housing Values Could Delay Retirement for Homeowners

For those approaching retirement age, the value of their homes accounts for a majority of total net worth1. A new research paper from Principal Funds geared for financial professionals explores how the dramatic and historic decrease in housing values – approximately $400 billion between 2007 to mid-2008 – has significantly altered the retirement plans of many Americans. The Impact of Diminishing Wealth on Future Consumption: How Housing Wealth...