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Why Are Elderly Filing for Bankruptcy Protection In Increasing Proportion?

Posted on 17 February 2016 | 4:25 pm by Neil Burns

First, as the baby boomer generation is now starting to retire, one unfortunate statistic is that the percentage of bankruptcies filed by seniors is increasing. Folks over 65 made up 8.3% of all consumers filing for bankruptcy protection in 2009, when the percentage was 7.8 in 2006. About 10% of the seniors who filed for […]

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