Talk:Mortgage equity withdrawal

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Financial Literacy

"Research indicates that the less financially savvy are 3–5 percentage points more likely to engage in this type of MEW relative to those who answered financial literacy questions correctly."

this is biased research (also, not peer reviewed) - conflict of interest - since it came from the reserve bank of dallas. also, limited study.

furthermore, the reason people take out equity from their home is to pay bills. the alternative is to sell the home.

this has nothing to do with financial literacy - correlation should never be confused for causation - a fallacy.

simply put: those in a financial squeeze, are usually those below the median income, and therefore are expected to have a lower financial literacy level. 70.48.210.219 (talk) 21:37, 14 June 2014 (UTC)[reply]

furthermore, the document states - "The views expressed are those of the authors and do not necessarily reflect those of the Federal Reserve Bank of Dallas, or the Board of Governors of the Federal Reserve System. Any remaining errors are our own." original link included: http://www.dallasfed.org/assets/documents/research/papers/2011/wp1110.pdf 70.48.210.219 (talk) 21:41, 14 June 2014 (UTC)[reply]