EBRI Fast Facts

Debt Among the Oldest Families

Oct 3, 2024 4  pages

Summary

Debt that a family has during retirement can offset asset accumulations, resulting in lower levels of retirement income security. This week’s Fast Fact focuses on the trends in debt levels among American families with family heads ages 75 or older, as this age group saw the largest increase in debt incidence by age from 1992–2022 and typically has the least flexibility in their income sources.