Bankruptcy is hitting more older Americans, pointing to a retirement crisis in the making
by Michael Hiltzik, Los Angeles Times
Aug 06, 2018
3 minutes
Whether America is facing a "retirement crisis" in which seniors are making do with shrinking financial resources has been widely debated. But here's a telling metric: Seniors are making a larger share of bankruptcy filings.
That's the finding of a new paper by academic researchers affiliated with the Consumer Bankruptcy Project, which periodically samples personal bankruptcy filings from all 50 states and the District of Columbia. "Older Americans are increasingly likely to file consumer bankruptcy," they write, "and their representation among those in bankruptcy has never been
You’re reading a preview, subscribe to read more.
Start your free 30 days