Too many older Americans are using credit cards to cover groceries and rent: AARP
An alarming share of older adults use credit cards to cover basic living expenses, AARP reports in a new survey.
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AARP: Nearly Half of Older Americans With Credit Cards Use Them for Purchases They Can’t Afford
One of the biggest financial challenges those in retirement face is living on a fixed income. With no work bonuses or raises ...
Older American amassing credit card debt to cover expenses, AARP finds
Nearly half of older Americans with credit card debt are relying on credit cards to cover their basic living expenses, with ...
5 ways seniors can tackle credit card debt
A new AARP survey suggests nearly half (47%) of adults 50 and older who carry credit card debt use their cards to pay for ...
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AARP Survey: More older Americans relying on credit cards to cover living expenses
The findings highlight financial challenges facing older adults, many of whom are dealing with rising costs of living, ...
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AARP: Nearly Half of Older Americans With Credit Cards Use Them for Purchases They Can’t Afford
Additionally, for cards accruing interest, the average interest rate is 22.8%, per LendingTree. A high interest rate like that can make it even harder to get ahead of debt. The AARP survey found ...
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AARP: Nearly Half of Older Americans With Credit Cards Use Them for Purchases They Can’t Afford
Those problems include using credit cards to pay for everyday budget items. A new survey from AARP found that 47% of adults ages 50 and older with credit card debt use credit cards to cover living ...