Baby boomers (born between 1946 and 1964) are no strangers to carrying debt. Pushy debt collectors, on the other hand, try to take advantage of different factors when collecting from people of this generation. Consequently, it comes as no surprises that an increasing...
The fact that scores of Americans are in debt should come as no surprise, given that most people use credit cards to fund purchases, auto loans to purchase cars, student loans to pursue education, and mortgages to become homeowners. If you think that baby boomers are...
Baby boomers across the U.S. carry significant debt. However, according to statistics released by Ameriprise Financial, less than half of them prioritize paying down their debt. In addition, more than 30% boomers who’ve retired carry at least one debt in addition to...
The number of baby boomers who file for bankruptcy has increased significantly in the last three decades. Only around 2% of all elders in the U.S. filed for bankruptcy in 1991, and the number stands at around 12% now. While bankruptcy can give people a fresh start if...
Baby boomers seem to be caught in a particular predicament. While they have relatively good credit scores, they are also burdened with considerable debt. If you find yourself in this situation and are nearing retirement, it is important that you take a close look at...