Tag: baby boomers
Every year for 24 years straight, the number of people receiving federal disability benefits increased, nearly tripling to around 9 million. In 2015, that trend suddenly reversed. The reversal is due both to more people exiting the program as the population ages and to fewer new people joining the rolls. The drivers behind this latter…
Not all borrowing is bad. Someone with a low-rate mortgage of modest size on an appreciating house has a very valuable asset. And some retirees pay off their credit cards every month without breaking a sweat. But about four out of every 10 older U.S. households are falling into the trap of having too muc…
