Monday, April 27, 2015

Debt of Retirees

Nine percent of the nation's retirees say debt is a major problem for them, and another 22 percent say it's a minor problem. Here is the percentage of retirees with debt by type...

Credit card: 27%
Mortgage: 23%
Car loan: 17%
Home equity loan: 17%
Medical debt: 14%
Student loan: 3%

Source: Employee Benefit Research Institute, 2015 Retirement Confidence Survey

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