More People Retiring with Debt
POSTED: Tuesday, November 30, 2010 - 10:45am
UPDATED: Tuesday, November 30, 2010 - 10:47am
Two fifths of retired Americans say they've accumulated debt in their later years and aren't worried about paying it off in their lifetime.
That's according to a survey done by CESI Debt Solutions.
More than half of the retirees that were surveyed had saved less than $50,000, but retired anyway.
That means their survivors will have to use their inheritance to pay off the debt before benefitting themselves.