Debt among oldest Americans skyrockets 543% in two decades — from cnbc.com by Greg Iacurci
Excerpt:
Older Americans have seen their debt levels increase sharply over the past two decades, straining seniors’ finances at a delicate time — when they’re preparing to retire or have already entered their golden years.
The total debt burden for Americans over age 70 increased 543% from 1999 through 2019, to $1.1 trillion, according to data from the Federal Reserve Bank of New York.