The remaining half is spent on current consumption and renovating or purchasing another property. Over time, there has been a marked increase in the share of home-equity-backed debt held by older households, an outcome that may not be too surprising since older households have generally owned their houses longer and have significant equity in them.
While I will not explain this in detail, as it is somewhat technical, considering such statistical tendency, or upward bias, an appropriate figure for price stability in terms of the  2  CPI is a slightly positive figure. The second reason for aiming at 2 percent inflation is the need to have a buffer for monetary policy.