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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Watch the Video:
![Older man sitting in bedroom with medication and glass of water.](/sites/default/files/styles/opencrop/public/media/2021-09/harvard_jchs_older_homeowners_health_spending_2021_0.jpg?itok=3Pp-3OZe)