Friday, April 19, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Senior Debt
One-third of retirees described their current personal debt levels as a problem, and 7 percent called it a "major" problem. The number of seniors age 65 and older who filed for bankruptcy jumped 213 percent between 1992 and 2001, outpacing all other age groups, one study found. Health care costs are driving the trend. Debt levels for households headed by someone 75 and older averaged $20,234 in 2004, a 160 percent jump from 1992.
        Categories:  Consumer Debt, Senior Citizens
        Reporting Pub:  Bankrate.com
        Reporting Date:  6/4/2007
        Article Title:  Debt gaining on many U.S. seniors
        Article Author:  Leslie Haggin Geary
        Pub's Source:  AARP Poll and Employee Benefits Research Institute
        Source URL:  View details from source
 

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