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: [
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. The median debt also went up in that time period, from $1,174 to $2,500. In 2016, 26 percent of households headed by people 75 years old and older had credit card debt, a 6 percent rise from 24 years earlier. The median also increased from $838 to $2,100, the highest ever measured. It's notable that the percentages and median amount of debt both went up because, usually, the median falls when there is a large increase in the percentage, says Craig Copeland, senior research associate at the institute and author of the study. But credit card debt is only part of the problem – mortgage debt is a major issue as well.