'Own-to-Rent Transitions and Changes in Housing Equity for Older Americans,' and 'Health Plan Choice: Findings from the 2011 EBRI/MGA Consumer Engagement in Health Care Survey'

July 2012, Vol. 33, No. 7
Paperback, 24 pp.
PDF, 2,288 kb
Employee Benefit Research Institute, 2012

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Executive Summary

Own-to-Rent Transitions and Changes in Housing Equity for Older Americans



  • Owning is the most common housing arrangement for older Americans: At age 65, more than 8 in 10 Americans report living in houses they own.
  • The transition rate from home ownership to renting is 3 percent at age 50, bottoming out at 1.6 percent at age 65. However, these transition rates increase after age 85, reaching a peak of 4.7 percent at age 90.
  • Death of a spouse is the most common factor associated with a transition from owning to renting. The next common factor is a drop in household income.
  • Median household income for those between ages 50 and 64 who continue to own their home is $79,758, while those who shift from owning to renting in that same age group have a median household income of $53,520.
  • Ownership rates are very different for couples and singles, but don’t change a lot across owners’ ages. The home ownership rate hovers around 90 percent for couples and 60 percent for singles.

Health Plan Choice: Findings from the 2011 EBRI/MGA Consumer Engagement in Health Care Survey



  • Nearly one-half (47 percent) of covered workers had a choice of health plans in 2011.
  • Forty-two percent of large firms offered two or more choices of health plans, compared with 15 percent of smaller firms. Half of consumer-driven health plan enrollees reported that they chose that offering because of the lower premium, while 45 percent reported that the opportunity to save money in the account for future years was a primary reason.
  • Among individuals with traditional health coverage, 39 percent cited the good network of providers and 32 percent reported the low out-of-pocket costs as the main reasons for enrolling in the plan.