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.

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