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: "A lot of boomers go into retirement with no clue about longevity, so they're not prepared for what will be paid for (and) what won't," Hounsell says. For example, the remaining life expectancy of a 65-year-old has increased from 14 years in 1940 to just over 20 years today. People may assume they will be able to work until 65 or 67, but they don't consider that they might be stricken with an illness, or lose their job and not have the ability to get a similar job, Copeland says. That means you could be forced to retire years before you planned to. To prevent credit card debt from carrying into retirement, Copeland suggests that by 55, consumers' debt level ought to start "going down, not up, at that age." Ideally, the financial best practices you start before you're ready to retire will carry into, and help prepare you for, retirement. "Getting yourself to live within your means while you're working will certainly make it easier to live within your means when retire," Copeland says. " If you can't live within your means when you're working, it's almost impossible to do it when you retire." Popular Credit Card Categories
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