Majority of Retirees Face Serious Credit Card Debt
Seniors face mounting credit card debt.Vlad Sargu/Unsplash. Nearly 67% of U.S. retirees have credit card debts, becoming a serious severe and prominent issue among the public. Credit Card purchases have increased over the years, leading to higher credit card bills. USA Today has reported that 76% of the retirees in the country are in debt. Credit card debt can be financially stressful for low-income individuals.