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How many seniors still have a mortgage? A growing number are holding debt into retirement

According to the Urban Institute, the percentage of homeowners aged 75 and older with a mortgage nearly tripled between 1998 and 2022, reaching 30.1%. The question of how many seniors still have a mortgage is becoming increasingly relevant, with more older adults carrying housing debt into their retirement years than ever before. This trend is reshaping the financial landscape for retirees, influencing everything from daily cash flow to long-term financial security.