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Saving Advice
Saving Advice
Lifestyle
Teri Monroe

Credit Card Debt Is Quietly Crushing Retirees—And It’s Getting Worse Every Month

retiree in credit card debt
Image Source: Shutterstock

Retirement is supposed to be a time of financial stability—but for millions of seniors, credit card debt is turning it into a daily struggle. As inflation drives up the cost of living, more retirees are relying on plastic to cover basic expenses. The result? A quiet crisis that’s growing worse every month. With fixed incomes and limited borrowing options, older Americans are falling deeper into debt—and many don’t know where to turn.

Fixed Incomes Can’t Keep Up

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