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Retirees Struggle as Household Debt Hits Record High

12/30/2025

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Summary

Story summary

U.S. retirees face significant financial challenges as household debt reaches a record $18.59 trillion, with 2026 approaching.
Seniors face average credit card debt of $6,735 with interest rates above 22%.
Experts advise reviewing budgets, cutting nonessential spending, and pursuing debt management plans to lower payments and interest.
Negotiating with lenders or using balance transfers can further reduce costs, while inflation underscores the need for professional advice.

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Story summary

U.S. retirees face significant financial challenges as household debt reaches a record $18.59 trillion, with 2026 approaching.
Seniors face average credit card debt of $6,735 with interest rates above 22%.
Experts advise reviewing budgets, cutting nonessential spending, and pursuing debt management plans to lower payments and interest.
Negotiating with lenders or using balance transfers can further reduce costs, while inflation underscores the need for professional advice.