Could Debt Demolish Your Retirement Dreams? 5 Tips To Prevent That
Maybe it’s an out-of-control credit card balance. Maybe it’s a mortgage payment or perhaps it’s mounting medical bills. Q2 2021 hedge fund letters, conferences and more Regardless of the cause, debt is becoming a growing issue for older Americans, threatening to upend all of their retirement planning and transform their “Golden Years” into gloomy years. The numbers are sobering. A Congressional Research Service report issued in 2019 found that 61.1% of households headed by someone 65 or older held some amount of debt in 2016. That was up dramatically from 37.8% in 1989. The median debt for tho...