Tag: credit card debt

Senior couple and tecnologies

Abstract This paper uses financial data from a major credit bureau for a nationally representative 2 percent random sample from more than 250 million consumer records to examine the financial health and indebtedness of older adults. The data cover the years 2010 through 2019 and follow the same consumers over time. Consumer records include numerous…

A glass jar full of coins and plant growing through it with some coins and plant leaves.

In 2013, about a third of those 65+ had a mortgage and 28 percent had credit card debt. Two recent events have forced me to take a look at debt.  The first was a call from a bankruptcy judge saying that the pool of people applying for bankruptcy was noticeably “grayer” than in the past. …