Homeowners Aged 55 To 64 Feel The Least Financially Confident Of Retirement-Aged Americans – The Mortgage Note

Homeowners ages 55 to 64 are the least confident about their retirement finances among older age groups, particularly those whose wealth is concentrated in real estate, according to a new survey from Longbridge Financial.

Just under 60% of this age group believe they can retire comfortably without worrying about everyday expenses, compared with more than 80% of those 75 and older.

The older group also reported greater confidence in long-term financial security (66% versus 47%), covering unexpected expenses (74% versus 48%) and affording health care (78% versus 53%).

Where their wealth is stored changes the outlook for older homeowners. Only 30% who rely primarily on home equity feel financially secure, compared with 72% of those with significant savings and investments.

“For many Americans approaching retirement, understanding the full picture of their household wealth, including the equity they have built in their homes, should be part of the retirement planning conversation,” said Chris Mayer, CEO of Longbridge Financial.

Those ages 55 to 64 see room for their finances to improve, while respondents 65 and older generally expect little change in the next year. Twenty-five percent of older respondents expect their finances to worsen.

Income also plays a role. Among homeowners 55 and older earning at least $100,000, 76% expressed confidence in their long-term financial security, compared with 39% of those earning less than $50,000.

Retirement-age Americans face rising housing costs and inflated prices for everyday purchases. Property taxes and home maintenance are major concerns.

Home equity may not be seen as a readily available source of funds compared to savings and investments that are easier to tap.

“In most cases for retirees, they kind of see equity as their emergency fund,” Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, told CNBC.

Longbridge’s data is based on a national survey of 2,021 U.S. homeowners 55 and older conducted by Morning Consult from March 26 to April 5, 2026, covering a broad cross-section of older homeowners.