June 8, 2010
Filed under: Debt
There is only one thing worse than being young and deeply in debt: being old and deeply in debt.
Not that being middle-aged and deeply in debt is any picnic either, but at least when you have a couple of decades until you retire, you have a fighting chance of getting your financial house in order. In fact, the AARP found that people over age 55 are the most likely group to file for bankruptcy protection.
Add your comment
Since the economic crisis reared its ugly head in the U.S., many Americans who previously would have scoffed at shopping at a dollar store or purchasing something off-brand, have changed their tune: Frugality is no longer something to snicker at, but something to admire. In short, it’s hip to be frugal.