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Research – Debt of the Elderly Increases

Category: Financial Planning

American families headed by individuals age 75 or older had increases in the incidence of debt, the average amount of debt held, and debt as a percentage of assets in 2010, according to research by the nonpartisan Employee Benefit Research Institute (EBRI). The EBRI analysis notes that the driver of debt for families with a head age 55 or older was housing debt: Almost three-fourths of debt payments go to pay for housing debt among these families; among those age [...]

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New Study: Simple and Low Costways for Communities to Assess Their Livability and “Aging

Communities in the U.S. can follow a relatively simple and low cost initial set of indicators to determine if their services meet the needs of an aging population.  These indicators can be measured[...]

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Debt Levels Spike for Oldest Americans

American families headed by individuals age 75 or older had increases in the incidence of debt, the average amount of debt held, and the percentage with debt payments greater than 40 percent of their[...]

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Study Reveals Most Expect to Outlive Retirement Savings

On average, people across the world expect retirement to last 18 years -- but they expect savings to run out after 10. The findings are based on a survey of 15,000 working and retired people in 15[...]

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Aging Family Dynamic May Lead to Tax Relief

Members of the sandwich generation -- caught between supporting elderly parents whose assets are nearly exhausted and adult children without jobs -- might find some relief come tax time. The bottom[...]

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Eldercare Locator Announces Holiday Campaign to Help Prevent Financial Exploitation of Older Adults

10th Annual Home for the Holidays Campaign Encourages Families to Spend Time Discussing Strategies to Address Financial Exploitation With Older Family Members As financial exploitation targeting[...]

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Boomer Women Feeling More Financially Insecure than Men

Boomer women are more uncomfortable, worried, or concerned than boomer men about their current financial situation and what the future may hold for them, according to an AARP Public Policy Institute[...]

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Report Details Cost Of Elderly Care is Challenging Military

First Command Financial Behavior Index® reveals that half of middle-class servicemembers  who care for an elderly family member say costs are higher than they expected At a time when men and women[...]

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Report questions if Senior Checking Accounts are a good “deal” at all

In its report, Still Risky: An Update on the Safety and Transparency of Checking Accounts, the Pew Safe Checking in the Electronic Age Project examined checking accounts offered by the 12 largest U.S.[...]

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