senior debt

It's been well-documented that the recession was particularly hard on senior citizens; the number of older Americans filing for bankruptcy has climbed, in large part due to a perfect storm of expensive medications, declining value of real estate holdings and a stock market crash that crushed their...

Credit card debt is something many Americans struggle with, but a new study shows that senior citizens are particularly at risk for crushing debt, so much so that an increasing number are turning to bankruptcy for relief. According to research done by the University of Michigan Law School, a...