Retirees and Household Debt

Seniors turn to reverse mortgages as a cash lifeline during the coronavirus . Used with other retirement income a Reverse Mortgage can lessen the sequence of returns

Retirees and Household Debt Household debt among retired people has increased in recent years, according to data from Next Avenue. Around 60% of 65+ households carried debt in 2016, up markedly from about 42% in 1992. Credit card debt and student loans have increased as well. One of the most stressful debt type for older […]