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MEHOKIE

Joined: 01/01/1999 Posts: 80243
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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
  Well, I'm not going to incur debt by subscribing to that pay link. -- Hokie360 02/14/2016 12:37PM
  Link changed it wasn't pay earlier. -- MEHOKIE 02/14/2016 12:51PM

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