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Paying People to Buy While Punishing Them for Saving
National Center for Policy Analysis [NCPA]
[Opinion] July 31, 2013
"Two years ago, [an] NCPA report ... detailed how today's 45- to 64-year olds are spending their money and why many of them are ill-prepared for retirement. Compared to the same age group 20 years ago, more of today's pre-retirees are paying mortgages that will go well into their retirement years. This may very well be in part due to the fact that homeownership is an overemphasized public policy goal (compared to saving), and the tax system is none to happy to help those who want to buy."
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