Retirement is often seen as the time to finally slow down, enjoy life and live off your years of savings. But that’s not reality for many people.
More older Americans are entering retirement weighed down with debt in the form of mortgages, credit card balances, medical bills and even student loans.
Coming up at 9 a.m. on Monday, MPR News host Angela Davis talks with guests about what’s behind the trend of rising debt in retirement.
And, we want to hear from you
Are you an older person with debt or do you worry about carrying debt into your retirement? What kind of debt do you owe? What led to you taking on the debt? And, how is it affecting you?
Call us during the 9 a.m. hour at 651-227-6000 or 800-242-2828.
Guests:
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Chris Farrell is the senior economics contributor at MPR News and Marketplace and author of the recent 12-part series on Marketplace and Next Avenue, Buy Now, Pay Later, about the debt burden of older Americans nearing and during retirement.
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Henry Rucker is associate director of Homeownership and Financial Coaching at Project for Pride in Living, a Minneapolis nonprofit organization that focuses on affordable housing and career readiness for low-income households.
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