I'm not aware that CARP has a particular policy on this, although I certainly am aware of the impact that assets have on retirement. We have many members who are house-rich and cash-poor. It's a tricky situation. When we're looking at the issue of government entitlements, do we look only at income or do we look at an individual's total assets? It's very tricky. If we bring assets into the picture, then we've seen people make decisions that are sometimes not in their own best interests. To the extent that we want policy to align with our objectives for keeping people out of poverty, at this point, while it's flawed, I don't have anything more to offer than the focus on income only.
On October 25th, 2016. See this statement in context.