Dying With Debt: A Dirty Little Retirement Secret
Smart Cookie Katie contributes to the CNBC story “Dying With Debt: A Dirty Little Retirement Secret”
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By Cindy Perman
Retired Americans are racking up credit-card debt like never before, be it for vacations or medical expenses, and a surprising number have no intention of paying it off before they die.
Nearly 40 percent of retired Americans said they’ve accumulated credit-card debt in their twilight years — and aren’t worried about paying it off in their lifetime, according to a survey released by CESI Debt Solutions.
“At the end of the day, some people of a certain age say, ‘It’s too late in the game for me to do anything about it. I can’t win. So I’m just going to stop playing the game,’” said Neil Ellington, executive vice president at CESI.
