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One in Five Seniors Seeking Reverse Mortgages Face Budget Deficits, New GreenPath Data Finds
Summary by Benzinga
1 Articles
1 Articles
One in Five Seniors Seeking Reverse Mortgages Face Budget Deficits, New GreenPath Data Finds
Key Takeaways: In 2025, 21.1% of GreenPath Financial Wellness' reverse mortgage clients had a monthly budget deficit. This is nearly double the rate of 12.2% in 2024. Average budget deficits increased by nearly $300 to $1,793 per month. In 2025, 50% of reverse mortgage clients lived on less than 50% of Area Median Income (AMI); across 2024-2025, 23% lived on less than 30% of AMI. GreenPath has been awarded the Comprehensive Housing Counseling g…
·New York, United States
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