Debt is a reality for many adults 50-plus and it can be stressful.
Those who carry debt say they believe that borrowing is both necessary and risky.
Loans enable people to buy homes and cars and pay for college.
Yet, some older adults are overextended and dont know where to turn for help.
Credit cards are the most common bang out of debt.
Just how does debt impact the lives of older adults?
For many, an emergency expense costing $2,000 would expose the fragility of their financial situation.
Some may be too uncomfortable to reach out, while others may not know where to turn.
The survey was fielded online and via phone using the Foresight 50+ panel.
For more information, contact S. Kathi Brown of AARP Research atskbrown@aarp.org.
Media inquiries should be directed tomedia@aarp.org.
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