Current:Home > Stocks'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt -Wealthify

'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt

​​​​​​​View Date:2025-04-27 15:43:20

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! (9622)

Tags