You may find the numbers are shocking.

  • In 2012, the average credit card debt among adults aged 65+ was $9,283 (Demos).
  • One-third of senior households has no money left over each month or is in debt after meeting essential expenses (Institute on Assets and Social Policy).
  • The share of Americans 65 and older in the labor force went from 12.1 percent in 1990 to 16.1 percent in 2010 (Census).
  • 60 percent of women over 65 across the country lack the incomes to meet basic expenses (Wider Opportunities for Women).

America Saves is stressing the need for all Americans to save for their future. With Americans, especially women, living longer – the reality is that Americans need to save more money for retirement or to work longer.

 

 

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