Michael Pinter's Reverse Mortgage Blog

These numbers are from AARP in 2002, so I am guessing that they are even more dramatic today. The average grandparent spends over $500 a year on their grandchildren. 40% of grandparents spend as much as $2,500 a year on their grandchildren. 45% say they assist their children or grandchildren with...

Americans age 62 or older hold an estimated 4.3 trillion in equity (that number is from July, 2007 so let's cut that in half, it's still over two trillion.) Someone will turn 62 every seven seconds over the next 19 years. By the year 2030, there will be more than 75 million people 65 and over.   ...