Too many seniors are facing that grim scenario. According to the Employee Benefit Research Institute (EBRI), the share of families age 75 and above with debt shot up from 31.2 percent in 2007 to almost half in 2016. The average debt of these households is $36,757.
The pre-retirement crowd isn’t faring any better. According to EBRI, 77 percent of families with heads of household aged 55-64 are carrying debt.
Increasing Fastest Among Oldest
However, the percentage of debtors is increasing most rapidly among seniors aged 75 and above.
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Which is the worst first-date mistake – talking about an ex, eating food off your date’s plate, or mentioning that you are heavily in debt? 
It’s time to honor that special woman in your life. Mother’s Day is approaching, and whether you are buying for your mother, your wife, or both, consider some inexpensive alternatives or ways to save money on classic Mother’s Day gifts. 
It began as the punniest holiday ever but quickly grew into an earnest (if somewhat random) celebration of the long-running (and still going) Star Wars franchise. 
You frequently hear about America’s crushing student loan debt, but cars are not far behind — especially subprime auto loans. 
If you’re a Medicare beneficiary, check your mail very carefully. You’ll be receiving a new Medicare card with an important new identification number that you’ll need soon. 
It’s been more than seven months since the credit reporting agency Equifax revealed in September 2017 that 143 million Americans’ personal data – including Social Security numbers, addresses and birthdates – had been accessed. Several weeks later, they announced that number was actually 145.5 million.