Don’t Let Debt Sabotage Your Retirement
Borrowing money can enable opportunities otherwise out of reach financially, such as pursuing an education that can lead to employment, buying a car and facilitating a home purchase. However, if not managed effectively, it can undermine your financial well-being. As a retirement researcher, I am worried that debt may be eroding the long-term financial security of many workers who are nearing retirement.
According to a 2017 study by Experian, boomers have an average of $188,828 in mortgage debt and $27,513 in non-mortgage debt. Generation Xers, now entering their fifties, have even higher balances — including $231,774 in mortgage debt and $30,334 in non-mortgage debt.
Retiree News 
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