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COVID-19, home equity and retirement funding

Author

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  • Baulkaran, Vishaal
  • Jain, Pawan

Abstract

Covid-19 affected all aspects of life from health to the economy, housing, remote working and work-life balance. We investigate the impact of Covid-19 on using home equity to fund retirement income. We show that financial planners believe that Covid-19 positively influenced their clients’ willingness to utilize home equity products to fund retirement income, in particular, sell and downsize and HELOC options. Covid-19 had a significant impact (positive and negative) on retirement income, retirement planning and living standard. Further, financial planners experienced an increase in meeting frequency with clients.

Suggested Citation

  • Baulkaran, Vishaal & Jain, Pawan, 2023. "COVID-19, home equity and retirement funding," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007626
    DOI: 10.1016/j.frl.2023.104390
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    References listed on IDEAS

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    More about this item

    Keywords

    Covid-19; Home equity; Retirement funding;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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