A person’s debt situation can have many impacts on his or her goals for the future. This includes his or her goals related to retirement.
Missing minimum payments on credit cards can expose a person to many consequences. For example, it can subject a person to financial penalties and do damage to his or her credit score.
Medical debt is a common source of financial struggles for Americans. This may especially be the case for younger Americans, according to a recent study.
There are many things people may want their retirement to include. Debt is generally not one of them. However, having debt is an increasingly common reality for retirees here in the United States.