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MEHOKIE

Joined: 1/1/99 Posts: 78942
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People over 50 are carrying much more debt


"The average 65-year-old borrower has 47% more mortgage debt and 29% more auto debt than 65-year-olds had in 2003, after adjusting for inflation, according to data from the Federal Reserve Bank of New York released Friday."

Is this the harbinger of doom?

Link: http://www.wsj.com/articles/new-york-fed-finds-large-increase-in-debts-held-by-those-over-age-50-1455289257


Posted: 02/14/2016 at 11:35AM



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Current Thread:
 
  
People over 50 are carrying much more debt -- MEHOKIE 02/14/2016 11:35AM
  Incomplete analysis without the asset side of the picture ** -- MrBayAreaHokie 02/14/2016 1:46PM
  Link changed it wasn't pay earlier. -- MEHOKIE 02/14/2016 12:51PM

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