|Title||Homeownership in old age and at the time of death|
|Publication Type||Journal Article|
|Year of Publication||2022|
|Authors||Engelhardt, GV, Eriksen, MD|
|Keywords||Bequests, Elderly homeownership|
We construct estimates of U.S. homeownership rates as individuals age and die, using exit-interview data from the Health and Retirement Study. Homeownership falls to under 8% among the oldest old (centenarians). However, most Americans do not live that long—40%–50% die as homeowners. For those, 16% of housing assets are spent down in the final 16 months of life. The remainder is transferred to surviving spouses (52%) and other heirs (32%).