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February 17, 2025 |
Retirement debt becoming financial liability for millions ![]() INLAND EMPIRE – (INT) – Lending Tree analyzed over 40,000 credit reports to find out whether Americans are carrying debt into retirement.
Riverside ranked 6th among metro areas where retirement-age residents carry the most debt. Retirees and soon-to-be retirees were in the red by an average of $15,727. • Texas and Florida dominate the list of metro areas with the highest debt balances among retirees When discounting mortgage debt, the balance was divided among auto loans, credit card balances and from student loans. Credit card debt is the most common type of non-mortgage debt among retirement-age Americans. Story Date: February 12, 2025
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