Senior Citizens in Financial Crisis
Senior Citizens in Financial Crisis The New York Times, Wall Street Journal and the Detroit Free Press recently reported that senior citizens are the fastest growing segment of the population facing devastating financial problems. With more and more employers no longer providing health insurance for their retirees and moving from pensions to 401(k) accounts older Americans are struggling with higher medical bills and limited incomes. These factors leave senior citizens increasing vulnerable to having unexpected expenses and accumulated debt wiping out their savings. Generally, senior citizens will exhaust all other options before considering a bankruptcy filing. You or someone you...
