Consumer Debt: Debt and Retirement Communities

consumer debt: And retirees are increasingly staying in their homes rather than moving to retirement communities, according to Market Watch. They're also, however, breaking the mold in a potentially worrisome direction embracing debt. Swelling numbers of Americans these days are working in retirement, taking part-time jobs and launching businesses. The median total consumer debt of households headed by someone 65 or older in 2016 31,300 was 2 times what it was in 2001 and nearly 4 times the level in 1989. Credit card debt and student loans have increased, too. Some 60% of 65 households carried debt in 2016, up markedly from about 42% in 1992. (news.financializer.com). As reported in the news.