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Re: The rate of older Americans filing for bankruptcy has tripled since 1991. 

By: oldCADuser in FFFT3 | Recommend this post (2)
Mon, 06 Aug 18 6:06 AM | 69 view(s)
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Msg. 44779 of 65535
(This msg. is a reply to 44778 by clo)

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My wife and I are lucky. I have two defined benefit pensions which brings in nearly $2,200/month as well as our two Social Security checks for another $4,000/month. And we still have investments and IRA's totally close to a million plus nearly that much equity in our home. And it was all earned by us. Never won the lotto nor inherited much from our parents.




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The above is a reply to the following message:
The rate of older Americans filing for bankruptcy has tripled since 1991.
By: clo
in FFFT3
Mon, 06 Aug 18 4:38 AM
Msg. 44778 of 65535

Vanishing pensions. Soaring medical expenses. Inadequate savings. The rate of older Americans filing for bankruptcy has tripled since 1991.
Sunday, August 5, 2018 6:07 PM EST

New research sheds light on the scope of a problem affecting a rapidly growing share of older Americans: The rate of people 65 and older filing for bankruptcy is three times what it was in 1991, and the same group accounts for a far greater share of all filers.

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NYTimes


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