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Released: January 16, 2013
Older Americans carry more credit card debt
Source: Christine Dugas, USA Today
Older Americans rely on credit cards as their financial safety net and pay down less of their debt than younger consumers, a new study shows.
Last year, the low- and middle-income 50-plus population had an average credit card balance of $8,278, compared with the younger generation's balance of $6,258, according to research conducted by Demos, a liberal public policy organization on behalf of AARP.
Read Full Article: Older Americans carry more credit card debt
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