Nearly half of U.S. retirement plan participants carry credit card debt, reducing contributions and lowering account balances by up to 40%, according to J.P. Morgan Asset Management. The study ...

An estimated 46% of U.S. households have credit card debt, according to the 2022 Survey of Consumer Finances. The average household owes $7,226 in credit card debt and pays an average of $181 a month ...

Debt can be useful at times, but carrying high-interest debt may spell trouble in (retirement) paradise.

In the 1980s, 38% of U.S. households headed by someone over age 65 carried debt. Today, the percentage has jumped to 63%, with credit cards being the most common type of debt among the retirement-age ...

Credit card debt is the most common type of debt carried by older adults. High-interest debt means spending more of your budget on servicing the debt than building your future. Significant credit card ...

Nearly 93% of retirement-age Americans carry credit card debt. Tapping into your retirement account is likely to compound your problems. Tackling credit card debt may begin with speaking to your ...

Add Yahoo as a preferred source to see more of our stories on Google. Retirement marks a major transition that’s often filled with mixed emotions. It’s the close of a long chapter of hard work, but ...