Tag Archives: Seniors

Why More Seniors May Be Going Into Bankruptcy

A recent study conducted by the AARP shows that between 1991 and 2007, the number of seniors over 65 years of age filed for bankruptcy protection at a rate that went up 150 percent when younger American’s filings were on the decline. Notice, those years did not include the Great Recession period when many more seniors filed for bankruptcy protection. Here is my take on why more seniors may be going into bankruptcy: Continue reading