More than half of adults over 50-64 (52%) pays credit card debt and many uses credit cards to cover basic living expenses according to A New AARP request.
In the report, the report, about half of the respondents, about half of the respondents, recently used credit cards for food, housing, utilities and health, said they have done every month.
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“The number of older adults exercises a number of credit card debt to end today,” he said. “Credit card debt can endanger retirement security.”
The survey asked 4,846 adults about the cost of 4,846 adults, credit card debt from the previous month. More than one-third of the respondents (37%) have a more credit card debt than a year ago. 28% of respondents said they had a balance of $ 10,000 or more.
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Meanwhile most likely older adults to carry a monthly balance Fell below $ 40,000.
“For many retirees living with a stable income, it is a real problem to pay borrowed in important trade,” Venkat said.
Fifty percent of respondents Said Health Expenditures contributed to credit card debts.
Unfortunately, the tendency of the rising debt for the elderly does not appear to be subsiding. A different inquiry in November 2024 Employee Benefit Research Institute About 68% of retirees were “important” in 2024 in 2024 to 40% of 40%.
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