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Why Retirees Are Carrying More and More Debt.
Federal Reserve data shows sharp rise in amount Americans 65 and older owe.
By Martha C. White, AARP. Published August 16, 2024.
Americans across generations are carrying more debt than they did three decades ago, according to Federal Reserve data, but the rise has been especially steep among the oldest age groups.
The Fedโs most recent Survey of Consumer Finances (SCF) found that among all groups younger than 65, debt roughly doubled from 1992 to 2022. Thatโs in line with inflation over that time.
https://www.aarp.org/retirement/planning-for-retirement/info-2024/retirees-carrying-more-debt.html