000			01676cam a2200265 4500
001			ABS68547
008			041206n2004 000 0 eng u
035			_a(Sirsi) u128207
100			_aSmith, J.
245			_aExploring attitudes to housing wealth and retirement
260			_c2004
490			_aHousing Finance _v(63) Autumn 2004, 22-33 (11)
520			_aConsiders the role of using housing wealth in financing retirement. Examines the results of a recent survey into homeowners' willingness to use their homes as sources of income. It is estimated that people aged 65 and over, a section of Britain's population forecast to increase markedly, may now hold as much as £460bn of unmortgaged housing equity in their homes. The survey covered expectation of falling living standards in retirement, the likelihood of working beyond retirement age, pensions as main income, attitudes to using housing equity, equity release schemes and attitudes to property inheritance. Concludes that there is a willingness among some households to use housing wealth to help fund retirement and that trend is likely to increase but property cannot meet all the objectives of home, income, inheritance and care costs. Government and the market must work together to develop safe and regulated equity release schemes. Charts and tables cover the survey results. References.
590			_aABS
590			_aABS
650			_aLIVING STANDARDS
650			_aPENSIONS
650			_aRETIREMENT
650			_aRETIREMENT HOUSING
650			_aHOUSING WEALTH
650			_aPROPERTY INHERITANCE
650			_aEQUITY RELEASE SCHEMES
690			_aHOUSING-INVESTMENT
942			_n0
999			_c118410 _d118410