In the Red: Older Americans and Credit Card Debt
Middle-income Americans age 50 and older are carrying more credit card debt on average than younger people, according to Dēmos’ 2012 National Survey on Credit Card Debt of Low- and Middle-Income Households. That’s a reversal of findings from a survey conducted by Dēmos in 2008. AARP’s Public Policy Institute collaborated with Dēmos to produce this report which reveals a troubling picture of middle-income 50+ households carrying card debt near or in their retirement years.
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One in Three Americans is Now 50 or Older
By 2030, one out of every five people in the United State will be 65-plus. Will your community be ready?Visit us at www.aarp.org/livable