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Senior citizens can also struggle with debt
As Ranking Member of the Senate Aging Committee, an issue I care deeply about is whether older Americans will have the financial resources they need to be secure in retirement. After four decades in the workforce, seniors should be confident they will have the money they need to pay their bills and enjoy their retirement, without fearing they will be overtaken by debt and fall into poverty.
Far too many American seniors struggle with inadequate savings, limited income, and too much debt. The importance of Social Security to low-income retirees cannot be overstated. Here in Maine, one in three retirees has no source of income beyond Social Security. Read more…
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