Wednesday, April 16, 2014

The State of Older Americans and Saving

Are you financially prepared for retirement? Sadly, many are not.
  • In 2012, the average credit card debt among adults aged 65+ was $9,283 (Demos).
  • One-third of senior households has no money left over each month or is in debt after meeting essential expenses (Institute on Assets and Social Policy).
  • The share of Americans 65 and older in the labor force went from 12.1 percent in 1990 to 16.1 percent in 2010 (Census).
  • 60 percent of women over 65 across the country lack the incomes to meet basic expenses (Wider Opportunities for Women).
Click here to view tips to prepare to live debt free in retirement.

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