For many retirees, the home is their most valuable asset. A house is both used as an investment and for consumption. If a home is paid for at the time when a person retires, they no longer have to service a mortgage or pay ...

Despite population aging, the nursing home population has declined since the 1980s. Recent surveys indicate most older adults prefer to “age in place” rather than move into an institution and, since the 1990s, the share ...

Long-term care represents a substantial financial risk to the elderly in the U.S., yet few elderly individuals purchase private insurance for such care. Less wealthy households may qualify for Medicaid coverage but remaining ...