'It's not their money': Older Americans worried debt default ... - ABC News
WEBMay 23, 2023 · With Social Security and other government benefits at risk amid a political stalemate over the government's debt ceiling, experts and older Americans told ABC News that the consequences of the impasse in Washington could be dire, including for older Americans who need the money to pay for basic needs …
Seniors face rising debt from credit cards, car and home loans
WEBOct 31, 2023 · A rising share of older Americans hold mortgage debt and auto loans, secured against the value of the home or automobile. Among Americans 75 and over, the share with home-secured debt rose to...
Which is the best debt relief option for seniors? Experts decide
WEBJun 12, 2024 · From debt consolidation loans to filing for bankruptcy, seniors have several paths forward. Find out what types of debt relief options are available to you here.
Social Security advocates brace for debt default: Seniors ... - NBC News
WEBWith the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted.
Get the Facts on Senior Debt - The National Council on Aging
WEBJun 1, 2024 · Today, more seniors are carrying debt into retirement more than ever before, and the amount of debt burden has skyrocketed over the past decade. Get facts about senior debt and a full report on the trade-offs seniors are making.
Seniors In Debt: A Newish And Growing Problem - Forbes
WEBOct 16, 2022 · Rising debt has damaged the financial health of older working households and negatively affected their ability to save for retirement and to protect their retirement savings when shocks arise...
Debt ceiling: Social Security, Medicare require fixes, experts say - CNBC
WEBMay 16, 2023 · The fiscal imbalance is leading to significant debts and deficits, noted Warren Payne, senior advisor at law firm Mayer Brown. And while the debt limit will be an “action-forcing event,” the...
Senior Debt: What It Is, Why It's Less Risky - Investopedia
WEBNov 30, 2020 · Senior debt is a company’s first tier of liabilities, typically secured by a lien against some type of collateral. Senior debt is secured by a business for a set interest rate and time...
Senior-Living Debt Defaults Far Outpace the Rest of ... - Bloomberg
WEBMay 22, 2023 · Roughly 7% of the $43 billion in outstanding senior-living bonds, or about $3.2 billion, is in default on a payment, according to data compiled by Bloomberg. That compares to a rate of less than...
In Older Americans, Rising Debt May Adversely Affect Health
WEBJun 5, 2022 · Now, researchers at the Urban Institute, by analyzing broad national data over nearly 20 years, have reported that indebted older adults fare measurably worse on a range of health measures: fair or...