Tag: Household Debt
But not all “high-risk” borrowers are alike, so we need a variety of responses. Policymakers and researchers have been fretting that the share of older Americans with debt has risen from 38 percent to 63 percent since 1990. Having debt, however, doesn’t have to be a bad thing. For example, households that take out a…
The brief’s key findings are: The share of older Americans with debt has been rising since the 1990s, but holding debt in retirement is not necessarily bad. The question is, how many older borrowers are at high risk of financial distress due to the type and size of their debt? The analysis finds that the majority of…
