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The Savvy Retiree Digest - October 31, 2025

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The Savvy Retiree Digest - October 31, 2025

The Savvy Retiree Digest - October 31, 2025
News, information and a really great recipe

Larry Speir

Oct 31, 2025

In this article, the importance of affordable and effective cleaning products is emphasized, particularly for seniors who may be on a budget.

The article highlights a variety of cleaning products under $10 that are recommended for keeping homes clean and germ-free.

It emphasizes the significance of maintaining a clean living environment for seniors' health and well-being.

By utilizing these budget-friendly cleaning products, older adults can ensure a safe and comfortable living space without breaking the bank.

The article serves as a valuable resource for seniors looking to maintain a clean and healthy home on a budget.

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Nearly one in five seniors in the U.S. now holds a net worth over $1 million, fueled by a decade of rapidly rising home values.

 

As of the second quarter of 2025, the housing wealth of Americans aged 62 and older climbed to a record $14.39 trillion, reflecting a 4% jump from the previous quarter, thanks to a nearly 3% rise in their home equity.

 

Yet, most of this rising wealth remains locked in real estate and doesn’t readily translate into spendable cash for everyday needs or sudden costs.

 

Market volatility is a major concern, as declining prices could quickly erode this “paper wealth” for seniors counting on their homes as a financial buffer.

 

Experts suggest options like reverse mortgages, home equity lines, or downsizing to help seniors convert their equity into accessible funds.

 

Ultimately, liquidity is crucial—having money on hand matters just as much as total assets for a secure retirement.


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The Savvy Retiree Digest is Long Island’s trusted guide for retirees who want to stay active, informed, and inspired. Each issue highlights local events, community resources, travel ideas, wellness tips, and money-smart strategies tailored for life after work. Blending practical advice with fun lifestyle features, we help Long Island retirees make the most of every day with confidence and ease.

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