Seniors Fare Better During Housing Crunch | Daily Business News

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Senior Housing News states although household net worth across all age groups fell 35 percent between 2005 and 2010, from $102,844 to $66,740, for 65+ homeowners the drop was only 13 percent, from $195,890 to $170,128. The 35-and-under households median net worth dropped from $8,528 to $5,402, a 37 percent decline. The most home equity of all age groups is the 70-74 range, with a value of $140,000. MHProNews.com has learned much of seniors? net worth, excluding home equity, is in outside investments.

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Categories: Economy, home buyers, News Item Tags: age groups, crunch, decline, home equity, household, households, housing news, investments, net worth, Senior Housing, Seniors

Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/seniors-fare-better-during-housing-crunch/

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