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A recent post on MSN Money highlighted a CESI Survey on Retirees and Debt. This article on the 6 Credit Mistakes that Retirees make highlights some of the important points:
A recent survey by Consumer Education Services, Inc. in Raleigh, N.C., revealed that nearly 40% of seniors who have accumulated debt in their retirement years are not worried about paying it off before they die. The survey also found that 56% of retirees had outstanding debt when they stopped working. Another survey found that bankruptcy filings by people ages 65 to 74 rose 178% between 1991 and 2007, and that was even before the Great Recession.
Filed Under: News and Press
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY
