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FACT OF THE WEEK
 

More than 3 out of 4 households nearing retirement hold debt

 
Among families with a near-elderly head (age 55-64), "more than three-quarters...held debt in 2016 (77.1%). While this level represents a downward trend from 2007 when it was 81.7%, it remains higher than the proportion in 1992 (71.4%)," according to an EBRI analysis of data from the survey of Consumer Finances. (p. 1)
       
 
 
         
EBRI. (2018). Debt levels for households nearing retirement decreasing, but still high compared to past generations. (Facts Facts No. 296). Washington DC: Employee Benefit Research Institute. Retrieved from this source.
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