More People Are Approaching Or Already In Retirement With Deep Debt

By Mark A. Stein, Money & Policy Editor, Next Avenue

By almost any measure, more Americans are in or are rapidly approaching retirement with more debt than at any time in the country’s history. At the end of the most recent quarter, people aged 70 and over owed a total of $1.63 trillion, according to data from the New York Federal Reserve Bank/Equifax.