by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Collection
Baby boomers appear to be in a unique situation. Despite having comparatively decent credit scores, they are heavily indebted. Take a thorough look at your finances as soon as possible if you find yourself in this scenario and are approaching retirement. Fortunately,...
by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Collection, Debt Relife
In the past three decades, the number of baby boomers declaring bankruptcy has considerably climbed. In 1991, only 2% of senior citizens in the United States filed for bankruptcy; today, that percentage is closer to 12%. Although declaring bankruptcy might provide...
by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Relife
America’s baby boomers are heavily indebted. Less than half of them, however, prioritize reducing their debt, according to information provided by Ameriprise Financial. Furthermore, more than 30% of retired baby boomers have at least one debt in addition to...
