Debt is impacting retirement - 401K Specialist
Debt, mostly credit card and medical debt, is the highest form of borrowing among Boomers and Gen X, according to a recent report released by National Debt Relief, a debt settlement organization. Half the respondents reported being “overwhelmed” by debt. Although credit card debt was the most common, nearly one in five respondents reported having medical debt with an average of over nine thousand dollars in outstanding medical bills. Amanda Umpierrez reports how older Americans feel stressed about their debt, which impacts their ability to build a comfortable financial future. To read Ms. Umpierrez’s article for 401K Specialist, click here…
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