Friday, August 21
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Topic: household-debt

A Social Security Administration office building
New Personal Finance
Friday, 8/21, 07:12 AM

Boomers are the richest retirees ever, and the most indebted

  • More than half of US households headed by someone aged 75 or older carried debt in 2022, against 41.3% a decade earlier, according to the Federal Reserve's Survey of Consumer Finances.
  • Mortgages account for most of it.
  • Here is why carrying fixed debt service into a fixed income changes the arithmetic of retirement, whatever the balance sheet says.

household-debt — news and stories on this topic

This page collects all of Boursel's coverage of household-debt. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

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