Real estate blog entries tagged with stimulus by Corey Matelli (Reverse Mortgage Company)

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Home : Blogs : Corey Matelli : Corey's Blog : Tag "stimulus"

stimulus: Reverse Mortgage = Economic Stimulus - 01/31/08 01:30 PM

In some of my daily reading yesterday, I came across an interesting fact I had wondered about, but never really researched. I found that the average senior between the age of 65 and 74 spends 92% of their income. This is startling, but not to be outdone, seniors 75 and older spend 98% of their income.

On Tuesday, the House approved a plan by a margin of 385 to 35 which excludes a great many seniors because they do not have sufficient income. However, there is some noise being made which would allow seniors to include their Social Security payments … (6 comments)

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Corey Matelli

San Jose, CA

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Reverse Mortgage Company

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