Do Older Homeowners with Mortgages Spend Less on Pharmaceuticals?

Location: Virtual

Speaker(s): Samara Scheckler

A growing number of older homeowners are still paying off mortgages, leading to concerns that these obligations are constraining their spending on healthcare. In this presentation, Samara Scheckler, a Center postdoctoral fellow, will discuss a forthcoming paper (co-authored with Jennifer Molinsky, Chris Herbert, and Kacie Dragan) assessing the size and extent of these tradeoffs. She will present findings indicating that out-of-pocket spending on pharmaceuticals increased substantially after households – particularly those headed by people in their 50s and early 60s – paid off their mortgages.

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Older man sitting in bedroom with medication and glass of water.