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What Percentage of Seniors Have Debt? An Overview

According to a 2022 Federal Reserve study, nearly two-thirds (64.8%) of Americans aged 65-74 carried debt into retirement. This figure is part of a larger trend showing that more older adults are carrying debt and higher amounts of it compared to previous generations, raising concerns about the financial security of retirees. This article explores the specifics of what percentage of seniors have debt and the implications for their financial well-being.