Senior couple at home with many bills

Older Americans Carrying More Debt than Younger Generation

Middle-income Americans age 50 and older are now carrying more credit card debt on average than younger people, according to a 2012 study released by Demos. This is a reversal of the findings from the Demos survey which took place in 2008. The report, entitled 2012 National Survey on Credit Card Debt of Low- and Middle-Income