Choinière-Crèvecoeur, Ismael; Michaud, Pierre-Carl - In: Journal of financial literacy and wellbeing : FLW 1 (2023) 1, pp. 79-102
Few retirees use reverse mortgages. In this paper, we investigate how financial literacy and prior knowledge of the … mortgages to tease out how consumers value them and investigate differences by financial literacy and prior knowledge of reverse … mortgages. We find that those with higher financial knowledge are more likely to know about reverse mortgages, not more likely …