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Bankruptcy Rising Among Americans 65 and Older
In 2007, bankruptcy filings for those 65 and older represented seven percent of all filings, compared with 2.1 percent in 1991 and 4.5 percent in 2001.
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She added that she has seen more retired persons living beyond their means.
As George Bush would say, they are working hard to make the pie higher.
Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM: *University of Michigan'...
5 hours ago
7 comments:
On the plane ride home I grabbed a USA Today for the NFL results and the front page article was about many 55 year old plus people calling it quits on all the debt they took out late in life. Seems doing a HELOC on a 300k home for 300k with no savings and no retirement plans was not the greatest idea ever made. Who knew?
GYSC,
Seems doing a HELOC on a 300k home for 300k with no savings and no retirement plans was not the greatest idea ever made. Who knew?
Nobody could have known! :W
It's a dawning of a new age!
A Dawning of a New Age
Is that your site? Another brother in sarcasm arms if not! Great link.
GYSC,
Brother in sarcasm arms indeed, lol.
P.S. If it had actually been my site I would not have heckled John Cusack in action movies. He's a very entertaining actor in my opinion, regardless of what he does.
The obvious solution will be to confiscate all of the saver's accounts and then spread the wealth around. After all, an equitable society is an admirable goal, and we don't want to make Grandma live off Costco store brand cat food?
Coba
Coba,
What if the government simply confiscated and/or borrowed Grandma's savings, kept a portion for itself, then sent Grandma a stimulus check with the remainder?
Surely a path to prosperity if ever there was one! ;)
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