Till Debt Do We Part: The Golden Years Are Tarnishing

Too many seniors today are weighed down with tremendous debt loads, but there are helping hands available. Check out these resources for assistance with everything from medical costs to rent, food and taxes.

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Without appearing overly dramatic, we are in a crisis. A real one. “In the past decade, there’s been a steep increase in debt among households headed by someone age 75 and older,” according to reporting at CNBC. If you are 65-74 years of age, according to SmartAsset, you have an average household debt of $108,700. In fact, MarketWatch reports that, “Seniors have more household debt now than they did during the financial crisis.”

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Neale Godfrey, Financial Literacy Expert
President & CEO, Children's Financial Network Inc.

Neale Godfrey is a New York Times #1 best-selling author of 27 books, which empower families (and their kids and grandkids) to take charge of their financial lives. Godfrey started her journey with The Chase Manhattan Bank, joining as one of the first female executives, and later became president of The First Women's Bank and founder of The First Children's Bank. Neale pioneered the topic of "kids and money," which took off after her 13 appearances on "The Oprah Winfrey Show." www.nealegodfrey.com