In the News: Gary V. Engelhardt

“Immigrants tend to be younger and employed, which increases the number of workers paying into the system. Also, they have more children, which helps boost the future workforce that will pay payroll taxes,” says Gary Engelhardt, professor of economics, in response to Trump's statement that Biden will destroy Social Security and Medicare by putting migrants entering the U.S. on the benefits.

"You've got a pure housing mismatch for older homeowners. They are mismatched physically or functionally with the house that they're in," says Gary Engelhardt, professor of economics. "That's because it's multifloor living. It's stairs. It's also other upkeep."

Gary Engelhardt, professor of economics, expects the bulk of the boomer generation to age out of the market between 2030 and 2040. "In the next 15 years, this stuff's really going to start happening," Engelhardt says.

It’s unlikely anything will be done in the near term, in part because of the current lack of bipartisanship in Washington, says Gary Engelhardt, professor of economics.

Asked about the White House’s assertion that “President Biden’s leadership” is responsible for the increase, Gary Engelhardt, professor of economics, tells CNN: “This assertion is incorrect.”

Professor Gary Engelhardt's research on the impact the aging and eventual death of baby boomers may have on future demand and the supply of homes listed for sale by older Americans (ages 50 and older) was featured in the Mortgage Orb article, "RIHA Studies Impact of Aging Baby Boomer Homeowners on Housing Supply."

Professor Gary Engelhardt was quoted in the Washington Post article "Fewer hot showers, less meat: How retirees on fixed incomes are dealing with inflation." 

The $100,000 grant will support Gary V. Engelhardt, a professor of economics and faculty associate with the Aging Studies Institute, in his research into the role of housing equity as an asset for retirement planning among older Americans. Engelhardt’s project is expected to provide insights into how the Social Security Administration will be able to supplement its existing resources given expected long-term funding shortfalls.

Gary Engelhardt, professor of economics, and his co-authors found that early Social Security claiming leads to a significant increase in the number of retirees living in poverty.

Gary Engelhardt, professor of economics, and his co-authors found that the introduction of the early retirement option lowered the average age of those claiming Social Security by about a year and a half and lowered Social Security income by an average of 1.5 percent for male-headed retired households.

Gary Engelhardt, professor of economics, and his team's research concluded that people who continued to work past retirement age enjoyed an increase in the size of their networks of family and friends of 25 percent. The social networks of retired people, on the other hand, shrank during the five-year period.

The study of gerontology at Syracuse — including research done in Maxwell’s Center for Policy Research — has gotten a boost with a new Aging Studies Institute and a named professorship. Already prominent, SU’s gerontological programs are poised for growth and greater recognition.