Bankruptcy Soars Among Elderly as Inequality Deepens | US News


The rate at which Americans at least 75 years old filed for bankruptcy more than tripled from 1991 to 2016, while filings among those between 65 and 74 ballooned more than 200 percent, according to a recent study from a group of professors working with data from the Consumer Bankruptcy Project.

The aging of the baby boomer generation has left America with a considerably larger share of older citizens approaching, entering or living through their retirement years than was the case several decades ago.

Source: Bankruptcy Soars Among Elderly as Inequality Deepens | Data Mine | US News

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