Older Americans hold more than $14 trillion in home equity — nearly half the size of the U.S. economy. And while seniors can benefit from tapping their equity through a reverse mortgage product, they can also use the loan proceeds to help family members who might be struggling to afford homeownership.

Earlier this week, The New York Times touched on the topic, interviewing several older American homeowners and their children who’d received sizable down payments to become first-time homebuyers.

The National Association of Realtors (NAR) recently reported that homeownership is slipping further out of reach for younger generations. In details ⇒

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