Marketplace All-in-One An economic insecurity story
Jun 9, 2025
Discover the tension in U.S.-China trade talks and the impact of tariffs on critical industries. Explore why investors are increasingly drawn to money market funds during uncertain times. Delve into the troubling rise of mortgage debt among retirees, revealing how many are still burdened by loans long after retirement. This shift in homeownership perception highlights the significant financial strain faced by older adults on fixed incomes, making them vulnerable to unexpected expenses.
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Money Market Funds Suit Retirees
- Money market funds suit older investors nearing retirement due to their lower risk.
- They provide a safer place for money when uncertain market volatility exists.
Rising Mortgage Debt In Retirement
- Mortgage debt is increasing among retired homeowners, with many still paying off loans well into retirement.
- The share of homeowners aged 65 to 79 with mortgages rose from 24% to 41% over the past 30 years.
Mortgage Burning Party Example
- Mortgage burning parties symbolized retirement freedom in the mid-20th century.
- Emmett's 1969 TV show scene humorously captured this iconic ritual marking debt-free retirement.