Current:Home > Markets'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt -Wealth Pursuit Network
'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt
View
Date:2025-04-15 02:53:03
The share of older Americans with debt has nearly doubled in 30 years, a trend that alarms retirement researchers.
Elder debt has been rising fitfully for decades. Among Americans 75 and older, 53% carried debt in 2022, compared with 21% in 1989, according to the federal Survey of Consumer Finances, released this month.
Learn more: Best credit cards of 2023
veryGood! (68)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- 16 family members hit by same car, 2 dead, Michigan hit-and-run driver arrested
- Bella Hadid Frees the Nipple in Plunging Naked Dress at 2024 Cannes Film Festival
- Courteney Cox Shares Matthew Perry Visits Her 6 Months After His Death
- Average rate on 30
- Ben Affleck Detailed His and Jennifer Lopez's Different Approaches to Privacy Before Breakup Rumors
- Taxpayer costs for profiling verdict over Joe Arpaio’s immigration crackdowns to reach $314M
- Judge cites error, will reopen sentencing hearing for man who attacked Paul Pelosi
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- My 4-Year-Old Is Obsessed with This Screen-Free, Storytelling Toy & It’s on Sale
Ranking
- Average rate on 30
- At least 27 killed in central Gaza airstrike as U.S. envoy visits the region
- Flight attendant pleads not guilty to attempting to record teen girl in airplane bathroom
- There's no clear NBA title favorite. Get used to it − true parity has finally arrived
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Target to cut prices on 5,000 products in bid to lure cash-strapped customers
- EPA warns of increasing cyberattacks on water systems, urges utilities to take immediate steps
- Drone pilot can’t offer mapping without North Carolina surveyor’s license, court says
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Xander Schauffele gets validation and records with one memorable putt at PGA Championship
Sean Diddy Combs apologizes for alleged attack seen in 2016 surveillance video
Man who kidnapped wife, buried her alive gets life sentence in Arizona
2025 'Doomsday Clock': This is how close we are to self
Scarlett Johansson Slams OpenAI for Using “Eerily Similar” Voice on ChatGPT’s Sky System
Harry Styles and Taylor Russell Break Up After Less Than a Year of Dating
Why Katy Perry Doesn't Think Jelly Roll Should Replace Her on American Idol