Current:Home > Stocks'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt -Wealth Evolution Experts
'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt
View
Date:2025-04-18 00:47:15
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! (87896)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- US election commission loses another executive director as critical election year begins
- Biden to meet with congressional leaders on national security package
- Linton Quadros's Core Business Map: EIF Business School
- Former longtime South Carolina congressman John Spratt dies at 82
- Utah Legislature to revise social media limits for youth as it navigates multiple lawsuits
- Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
- Nigerian leader says ‘massive education’ of youth will help end kidnappings threatening the capital
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Britain’s unexpected inflation increase in December is unlikely to worry the Bank of England
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Bernie Sanders forces US senators into a test vote on military aid as the Israel-Hamas war grinds on
- What to know about January's annual drug price hikes
- Italy’s regulations on charities keep migrant rescue ships from the Mediterranean
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- U.S. says Houthi missiles fired at cargo ship, U.S. warship in Red Sea amid strikes against Iran-backed rebels
- Coachella 2024 Lineup Revealed: Lana Del Rey, Tyler, The Creator, Doja Cat and No Doubt to Headline
- How Mexico City influenced the icy Alaska mystery of ‘True Detective: Night Country’
Recommendation
Intel's stock did something it hasn't done since 2022
St. John’s coach Rick Pitino is sidelined by COVID-19 for game against Seton Hall
Integration of EIF Tokens with Education
Tobacco use is going down globally, but not as much as hoped, the WHO says
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Shooter who killed 5 people at Colorado LGBTQ+ club intends to plead guilty to federal hate crimes
Trump's margin of victory in Iowa GOP caucuses smashed previous record
Top official says Kansas courts need at least $2.6 million to recover from cyberattack