Senior Living Thought Leaders | Share in the Conversation
The average American is spending about 20 years in retirement. "During these years, they are active consumers. They are still taking out and making payments on mortgages. They are still borrowing to buy cars and trucks. They are still accumulating credit card debt. Some are even taking out student loans on behalf of their grandchildren. These heavier debt loads, that previous generations did not have, can threaten their economic security." - Consumer Financial Protection Bureau Director Richard Cordray in remarks at a 2015 White House Conference on Aging regional conference.