Baby Boomers Are In Trouble
An interesting study by Demos, shows that low- and middle-income consumers 65 and older carried $10,235 in average card debt last year, up 26% from 2005. Card debt for all borrowers surveyed rose 3% during that time, to $9,827. (”Credit card debt rises faster for those 65 and older“)
It is clear that baby boomers are [...]
