A Study Found Bankruptcy Soared Among Americans 65 And Older
“More older Americans are showing up in bankruptcy court. The rate of seniors age 65 and older who have filed for bankruptcy has tripled since 1991. That statistic comes from a new study from the Consumer Bankruptcy Project. It’s a research collaboration funded by several universities. Deborah Thorne of the University of Idaho is the study’s lead author. And I asked her why more older Americans are turning to an option often thought of as a last resort.”