The article shows that older households nearing retirement are facing challenges with their housing wealth and mortgages. Despite gains in housing wealth between 1992 and 2004, these gains were mostly lost by 2010, while mortgage debt increased. This means that many older households have higher loan-to-value ratios and declining financial wealth. As house prices drop, these households may struggle to sell their homes for a good price, and increasing mortgage payments could strain their retirement savings. The researchers predict that the risk of falling behind on mortgage payments will rise in the coming years, potentially affecting a significant portion of older households.