The Rise of Bankruptcy in the Lives of Aging Americans

Older Americans are increasingly filing for consumer bankruptcy. According to the Consumer Bankruptcy Project, the population aged 65 or more are filing for ...

'Too Little Too Late': Bankruptcy Booms Among Older Americans

The rate of those 65 and older filing for bankruptcy is three times what it was in 1991, a new study finds, as more enter their later years ...

Elderly Bankruptcy Is On The Rise -- Here's Why - Forbes

Whatever the role that personal psychology plays in the rise of elder bankruptcy, it is clear that America's evolving labor markets and ...

Dramatic Increase in Elderly Filing Bankruptcy | ABI

“When the costs of aging are off-loaded onto a population that simply does not have access to adequate resources, something has to give,” the study says, “and ...

As Health and Financial Challenges Grow, More Older Adults File ...

According to a recent study featured in the New York Times, bankruptcy among older Americans is on the rise. ... People of color live on even less ...

A Study Found Bankruptcy Soared Among Americans 65 And Older

The number of Americans age 65 and older who file for bankruptcy has tripled since 1991. NPR's Ailsa Chang speaks with lead author Deborah ...

Bankruptcy Trends of Older Americans - Next Avenue

The percentage of Americans declaring bankruptcy age 55 to 64 has risen 66% from 1991 to 2016. Medical debt is a driving force of this ...

The Boomers Going Bust: Why Elderly Bankruptcy Is Rising in America

Baby boomers aged 65 and older are racking up far higher levels of debt than their parents, who were raised during the Great Depression, and a ...

Why Older Americans are Filing for Bankruptcy

The situation is troubling, because older people who get into financial trouble have few places to turn, often are dealing with declining health, have ...

Far More Older Americans Are Going Bankrupt - AARP

Credit card balances have also increased for older families. Since many families live on a fixed income during their retirement years, the debt ...

Rising Retiree Bankruptcies? It's a Myth - American Enterprise Institute

“Bankruptcy is hitting more older Americans, pointing to a retirement crisis in the making,” writes Los Angeles Times columnist Michael Hiltzik.

"The coming storm": Entering retirement broke and bankrupt

Even though the U.S. population is aging, the spike in older Americans entering bankruptcy far exceeds the demographic shift, according to ...

Is Filing Bankruptcy for Senior Citizens a Good Option? - Nolo

When inflation and health care costs are on the rise, it's not uncommon for elderly Americans to seek bankruptcy relief. And while senior citizens enjoy ...

Retired and broke: Bankruptcy filings surging for seniors

“The magnitude of growth in older Americans in bankruptcy is so large that the broader trend of an aging U.S. population can explain only a ...

Opinion: The link between more seniors filing for bankruptcy ... - PBS

New research shows an enormous increase in bankruptcy filings among older Americans. ... Bankruptcy: Fallout from Life in a Risk Society.

Soaring bankruptcy rates signal a 'coming storm of broke elderly ...

New study finds sharp rise in older Americans filing for bankruptcy. ABC News. 'The bills began piling up'. Medical costs are a ...

Why are so many Americans over 65 declaring bankruptcy?

The study also pointed out that the number of older citizens among the total number of all individuals who filed for bankruptcy increased five ...

What Are the Implications of Rising Debt for Older Americans?

The share of older Americans with debt has been rising since the 1990s, but holding debt in retirement is not necessarily bad.

Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society

Using data from the Consumer Bankruptcy Project, we find more than a two-fold increase in the rate at which older Americans (age 65 and over) ...

Bankruptcy Filings Surge Among Older Americans - WSJ

The rate at which Americans age 65 and older are filing for bankruptcy has more than tripled since 1991 amid reductions in the social safety ...