What Are the Implications of Rising Debt for Older Americans?

The Rise of Bankruptcy in the Lives of Aging Americans

While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto the older ...

Can the US sustain a rising debt burden? - Amundi Research Center

The end of low interest rates could lead to a higher portion of tax revenue dedicated to debt service, higher inflation, and possibly stifling ...

The Fiscal Impact of the Harris and Trump Campaign Plans

Our large and growing national debt threatens to slow economic growth, boost interest rates and payments, weaken national security, constrain policy choices, ...

The Long-Term Economic (In) Security of Seniors - The Heller School

Younger families are experiencing declining employer-based retirement savings and rising debt. ... security status of older Americans, this work helps to identify ...

Is Student Loan Forgiveness Possible for Older Americans?

Older debtors are, like their younger counterparts, evidence of a lending system that has gone badly wrong — and of federal priorities that are ...

Student loan borrowers in their 60s and older fear payments resuming

Older Americans with student loan debt take second jobs, delay retirement, are less likely to own their own homes and suffer low credit scores.

The Aging Student Debtors of America | The New Yorker

Older debtors shuffle their income between credit-card bills, house payments, car loans; student debts, often the furthest from their day-to-day ...

Retiring in the Red: The Growth of Debt Among Older Americans

Unexpected or unaffordable costs present a difficult choice for older Americans on fixed incomes: borrow, or go without. For many, credit cards ...

Housing America's Older Adults 2023

Rising mortgage debt among older homeowners parallels the larger trend of increasing debt among older adults, including vehicle and student loans and credit ...

The Fiscal and Financial Risks of a High-Debt, Slow-Growth World

Persistently higher interest rates raise the cost of servicing debt, adding to fiscal pressures and posing risks to financial stability.

Cognitive Decline Threatens Financial Stability of Older Americans

Older adults face significant financial challenges due to fixed incomes, rising healthcare costs, and cognitive disorders like Alzheimer's, ...

Why Older Americans Are Taking on More Debt

Older Americans are accumulating more debt as they near retirement, according to recent research that reveals a troubling trend in personal ...

The impact of high and growing government debt on economic growth

a robust impact on private saving are demographics (higher old dependency ratios in the euro ... (1965), “National Debt in a Neoclassical Growth Model”, American ...

Experian Study: Average U.S. Consumer Debt and Statistics

In this article: · Overall Debt Levels Slow but Still Increase · Southern States See Higher Growth in Average Consumer Debt Balance · Average ...

Older Homeowners are Financially Confident Aging in Place

Older homeowners aged 60-plus years like their homes, many view the equity in those homes as a financial reserve, and a significant share are confident of ...

Social Security and the Federal Deficit: Not cause and effect

The conventional wisdom in Washington is that an aging population will cause entitlement spending to balloon, driving our nation deeply into debt (see, for ...

More Revenue Is Required to Meet the Nation's Commitments ...

Standard economic theory suggests that, all else being equal, a high and rising debt ratio will, over time, put upward pressure on interest ...

Inflation and Debt | National Affairs

An increase in interest rates could also bring on inflation today, compounding the inflationary effect of a potential debt crisis through a very similar ...

FACT SHEET: President Biden Announces Student Loan Relief for ...

Middle-class borrowers struggle with high monthly payments and ballooning balances that make it harder for them to build wealth, like buying ...

2.2M Americans over 55 still have student loan debt: Report - The Hill

Around 43 percent of borrowers in that age range are in middle-income brackets, according to the analysis. The average debt owed by older ...