Survey: seniors believe homeownership was their smartest financial decision

Photo by Christian Bowen on Unsplash

REALTOR Magazine

Beyond the sentimental attachments that seniors have built for their homes, they also believe homeownership was the smartest financial decision they ever made, a new survey says.

Nearly three in four seniors—74%—say that purchasing their home was their best financial decision, according to a new survey of more than 1,500 respondents ages 60 to 75 conducted by the American Advisors Group. Further, 73% of respondents say that their home has become their most valuable asset.

Read more: Seniors: Buying a Home Is Smartest Financial Decision