The purpose of the study is to provide a better understanding of whether, and under what circumstances, reverse mortgages lead to increased financial security, well-being and independence in older age. Reverse mortgages can serve as a substantial source of supplemental income in retirement while enabling older homeowners to stay in their homes. However, reverse mortgages are complex and costly financial products and little is known about their appropriateness and longer term impact.
Aging in Place is funded by a grant from the John D. Catherine T. MacArthur Foundation.The study is led by Dr. Stephanie Moulton, Associate Professor with the John Glenn School of Public Affairs at The Ohio State University. OSU Co-Investigators include: Donald Haurin, Professor Emeritus, Economics; Caezilia Loibl, Associate Professor, College of Education and Human Ecology; and Jason Seligman, Assistant Professor, John Glenn School of Public Affairs.