The prior generation of retirees had a major goal prior to retirement: "Burn the mortgage!"
Not so with the baby-boomer generation. More than 55 percent of boomers surveyed who currently hold mortgages do not plan to pay their mortgages off until at least their 70s, and likely never.
Of the 500 boomers surveyed approximately two-thirds currently have mortgages on their residences. The remaining third either rent or do not have a mortgage.
For Retirement Quotes about Mortgages and Money
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