More Retirees Are Carrying Debt Than You Might Think—And It’s Not Just Mortgages

Title: More Retirees Are Carrying Debt Than You Might Think—And It’s Not Just Mortgages

Article Snip: "...Of respondents who identified as retired, 57% had debt in 2022, the most recent year available. The median balance..."

Reference: www.investopedia.com

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How Much Debt do Baby Boomers Have?

Title: How Much Debt do Baby Boomers Have?

Article Snip: "...Baby boomers have an average of $25,812 of debt, not including mortgages—here’s how they compare to other generations.New Experian data finds that ..."

Reference: www.cnbc.com
Baby Boomers,Retirement Debt,Experian data,

For Feds, Net Worth Is More Important Than Income

Title: For Feds, Net Worth Is More Important Than Income

Article Snip: "...Here are three big reasons why you should focus on your net worth more than your income..."

Reference: www.govexec.com
Net Worth vs Income, TSP, Mortgage Debt,Retirement Debt,

Average Retirement Debt

Title: Average Retirement Debt

Article Snip: "...According to the survey, 8 in 10 middle-income Boomers currently have some debt. Three in 10 devote more than 40% of their monthly income to debt and a quarter have a mortgage with more than 20 years remaining on it. More than half say they intend to enter retirement debt free, but only one-quarter of retired Boomers actually are debt free..."

Reference: www.newretirement.com
Retirement Debt, Retirement,