COVID-19, home equity and retirement funding

Vishaal Baulkaran and Pawan Jain

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: Covid-19 affected all aspects of life from health to the economy, housing, remote working and work-life balance. We investigate the impact of Covid-19 on using home equity to fund retirement income. We show that financial planners believe that Covid-19 positively influenced their clients’ willingness to utilize home equity products to fund retirement income, in particular, sell and downsize and HELOC options. Covid-19 had a significant impact (positive and negative) on retirement income, retirement planning and living standard. Further, financial planners experienced an increase in meeting frequency with clients.

Keywords: Covid-19; Home equity; Retirement funding (search for similar items in EconPapers)
JEL-codes: D14 G51 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007626

DOI: 10.1016/j.frl.2023.104390

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