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Retirement and debt

ISU Extension to offer new teaching materials

August 7, 2014
Barb Wollan - ISU Extension and Outreach Family Finance Specialist (bwollan@iastate.edu) , The Daily Freeman Journal

Carrying debt in retirement is much more common now than it was a generation ago. A 2009 report indicated that, among people age 65 to 74, almost half had mortgages or other loans on their primary residences, over a third held credit card debt, a quarter had installment loans; in this age group, two-thirds held some form of debt.*

 
 

 

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