Analysis using HRS data finds 22% of Americans age 50+ have credit card debt in excess of $10,000
MiCDA News Reference
"Editorial: Seniors Are Getting Crushed by Debt" - Magnify Money. 08/11/2017.
This editorial examines debt among older Americans using an analysis of data available from the Health and Retirement Study. Findings link higher consumer debt with lower net worth. The piece concludes with suggestions for seniors on avoiding and managing debt.