Why More Senior Citizens Are Filing For Bankruptcy In Retirement
January 20, 2011,
I always thought senior citizens spent their retirement golfing and gardening. Turns out they spend it much like the rest of us - stressing over how to pay growing bills.
Since the recession began, the number of senior citizens filing for bankruptcy has skyrocketed. Expensive prescriptions, decreasing home values and stock market crashes have left today's grandparents with tens of thousands of dollars in debt - and with no income to pay it off. That means that eventually their burdens will get passed on to us, say Atlanta bankruptcy attorneys.
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