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JUN 12, 2013 - Business Insider

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Here's The Real Cost Of Dying In Debt

If you’re counting on an inheritance, you might think again. Recent data show that more older adults today are in debt than before. A study earlier this year from the Employee Benefit Research Institute found that the percentage of households with credit card debt headed by someone age 75 or older doubled from11 percent in 1998 to 22 percent in 2010. And a 2011 University of Michigan Law School study found that those 65 and older are the fastest-growing segment of the U.S. population filing for bankruptcy and they carry 50 percent more credit card ... Read More

Tags: Here's The Real Cost Of Dying In Debt,  Estate Settlement Latest News