Title: How Seniors Can Get Help With Credit Card Debt | US News
Headings: How Seniors Can Get Help With Credit Card Debt
How Seniors Can Get Help With Credit Card Debt
Address debt right away, and live within your means to prevent unforeseen problems.
Is Credit Card Debt an Issue for Senior Citizens?
Why Are More Seniors Using Credit Cards?
How Seniors Can Manage Credit Card Debt
Getting Credit Card Debt Help
Credit Card Debt After Death
How Seniors Can Avoid Using Credit Cards
Planning for a Debt-Free Retirement

Content: How Seniors Can Get Help With Credit Card Debt | US News
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How Seniors Can Get Help With Credit Card Debt
Address debt right away, and live within your means to prevent unforeseen problems. By Bob Musinski
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Feb. 27, 2019
By Bob Musinski
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Feb. 27, 2019, at 9:48 a.m.
Help For Seniors With Credit Card Debt
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Senior citizens can be prone to debt because many of them rely on Social Security, meaning they have a fixed income. ( Getty Images)
Revolving credit card debt can be a problem at any age, but it's especially troublesome when you're retired and on a fixed income. Unfortunately, credit cards have become the lender of last resort for some senior citizens who often face medical-related expenses on top of ongoing cost increases in housing, utilities and food. Here is a look at the problem, ways to deal with credit card debt at an advanced age and how to avoid this problem as you approach retirement. [
Read: Best Low-Interest Credit Cards. ] Is Credit Card Debt an Issue for Senior Citizens? Credit card debt has increased among families headed by someone age 65 and older in the last couple of decades, according to a 2018 report from the Employee Benefit Research Institute: In 2016, 42 percent of households headed by someone 65 to 74 years old reported credit card debt, a 10 percent increase from 1992.