Title: More Americans aging into retirement are still paying down mortgages
Article Snip: "The number of so-called cost-burdened older adults is at an all-time high. That means they are spending 30% or more of their income on housing, utilities, taxes and insurance. ...The mortgage debt story mirrors the broader trend toward more older adults entering retirement in debt. Debt repayments can hike financial stress and vulnerability, especially for those of modest means. The struggle to cover debts leaves them with less money for essentials like food, health and home maintenance — let alone fun. ..."
Reference: www.marketplace.org
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