Till Debt Do We Part: The Golden Years Are Tarnishing
by Neale Godfrey, Financial Literacy Expert, President & CEO, Children's Financial Network Inc.
Dec 04, 2019
1 minute
Without appearing overly dramatic, we are in a crisis. A real one. "In the past decade, there's been a steep increase in debt among households headed by someone age 75 and older," according to reporting at CNBC. If you are 65-74 years of age, according to SmartAsset, you have an average household debt of $108,700. In fact, MarketWatch reports that, "Seniors have more household debt now than they did during the financial crisis."
The good news is that we are living longer than ever before, but (NCOA).
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