{
Ted Jenkin

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}
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001122334455554433221100

rising credit card debt among retirees poses financial challenges in retirement

Credit card debt among retirees has surged, with 68% reporting outstanding balances in 2024, up from 40% in 2022, driven by inflation and rising living costs. Experts recommend strategies like reducing interest rates, cutting expenses, and potentially selling valuable items to regain financial stability. Many retirees are also advised to consider part-time work to boost income and manage debt effectively.
CNBC
United States Dollar National Foundation for Credit Counseling American Consumer Credit Counseling Facebook Inc. Ted Jenkin Bridget Bearden Winnie Sun Carolyn McClanahan Show more
Finance & Economy, News Article
22:21 11.11.2024
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