The American Family: The Not So Golden Years

Homeownership is the largest source of wealth for most American families, and obtaining a safe, traditional 15-to-30-year mortgage is a key step toward achieving financial security. But outdated housing policies and financial regulations have made small mortgages—those for homes priced under $150,000—expensive for lenders and unavailable for millions of qualified and creditworthy borrowers, especially Black, Hispanic, and Indigenous households and those in rural communities. With limited access to small mortgages, many of these families turn to alternative financing arrangements, which often involve financial risks and lack many of the protections traditional mortgages offer.

Stat: 46. The percentage of American adults who worry that they will not be able to live comfortably in retirement.

Story: After all the hard work and child rearing, do Americans get to finally relax and retire with some financial stability? Research shows the golden age of retirement doesn’t always shine. Hear why in the final episode of our series on the American family, which features two retirees’ stories, and expert analysis from John Scott, who directs retirement savings work at Pew.

Related resources:

When Do Americans Plan to Retire?

More Americans Worry About Financing Retirement

3 Ways People May Save for Retirement in the Future

How Americans Can Regain Control Over When to Retire

5 Facts About Family Caregivers