Current:Home > Scams'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt -Wealth Empowerment Zone
'If it wasn't for my boyfriend, I'd probably be homeless': Seniors face rising debt
View
Date:2025-04-16 02:03:41
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! (2)
Related
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Northwestern football players to skip Big Ten media days amid hazing scandal
- Why Gen Z horror 'Talk to Me' (and its embalmed hand) is the scariest movie of the summer
- Pamela Blair, 'All My Children' and 'A Chorus Line' actress, dies at 73
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Colorado businessman gets over 5 years in prison for ‘We Build The Wall’ fundraiser fraud
- Cambodia’s Hun Sen, Asia’s longest serving leader, says he’ll step down and his son will take over
- Texas QB Arch Manning agrees to first NIL deal with Panini America
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Why Gen Z horror 'Talk to Me' (and its embalmed hand) is the scariest movie of the summer
Ranking
- Intel's stock did something it hasn't done since 2022
- Rudy Giuliani is not disputing that he made false statements about Georgia election workers
- North Korea fires ballistic missile after U.S. submarine arrives in South Korea
- USWNT embraces pressure at World Cup; It 'has been fuel for this team,' players say
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- Autoworker union not giving Biden an easy ride in 2024 as contract talks pick up speed
- Wrexham striker Paul Mullin injured in collision with Manchester United goalie Nathan Bishop
- A Fed still wary of inflation is set to raise rates to a 22-year peak. Will it be the last hike?
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Child labor laws violated at McDonald's locations in Texas, Louisiana, Department of Labor finds
Kansas football lineman charged in connection with alleged bomb threat
Swimmer Katie Ledecky ties Michael Phelps' record, breaks others at World Championships
Senate begins final push to expand Social Security benefits for millions of people
Tommy Tuberville, Joe Manchin introduce legislation to address NIL in college athletics
49ers' Nick Bosa holding out for new contract. Could new deal set record for pass rusher?
Up First briefing: Fed could hike rates; Threads under pressure; get healthy with NEAT