Nearly 93% of retirement-age Americans carry credit card debt. Tapping into your retirement account is likely to compound your problems. Tackling credit card debt may begin with speaking to your ...
In the 1980s, 38% of U.S. households headed by someone over age 65 carried debt. Today, the percentage has jumped to 63%, with credit cards being the most common type of debt among the retirement-age ...
A historically large share of retirees have credit card debt, recent reports show, a sign of financial instability that worries retirement researchers. More than two-fifths of retirees carry balances ...
A significant number of seniors are being forced to carry high-rate credit card debt into retirement, and in many cases, those balances aren't particularly small, either. One driving factor is that ...