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Chart of the Day: Retiree Mortgage Debt

John Keefer, Portfolio Manager Oct 22, 2026
Bar chart comparing the share of homeowners with mortgage debt in the 65-79 age range and those age 80 and older in 1989 and 2022.

Contents

Today’s Chart of the Day explores findings from Visa's The great wealth transfer reality check, highlighting how mortgage debt among retirees has changed over the past three decades.

Comparing data from 1989 to the 2020s, the share of adults ages 65-79 carrying mortgage debt has nearly doubled. The increase is even more dramatic for those age 80 and older, where the percentage of homeowners with a mortgage is roughly ten times higher than it was 33 years ago.

These trends likely reflect a combination of rising home prices, longer mortgage terms, and increased refinancing activity.
Chart of the Day

About the Author

John Keefer, Portfolio Manager
John Keefer, Portfolio Manager

John joined Crews Bank & Trust as a Trust Investment Associate in September 2025 and was promoted to Portfolio Manager in 2026. He holds a Bachelor of Science in Business Administration with a focus in Finance and Banking from the University of Missouri, along with an Investment Certificate. In his role, he supports portfolio maintenance and analysis while helping clients work toward their financial goals.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal. Past performance is not indicative of future results.

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