Generational Differences and Debt

A close-up black and white image of a baby''s hand gently touching an elderly person''s hand, symbolizing connection across generations.

Older Americans are carrying growing levels of debt into retirement. This topic was the main focus of the 2019 Pension Research Council symposium, and debt was also studied in a recent Society of Actuaries (SOA) study entitled “Financial Perspectives on Aging and Retirement Across the Generations.” Both efforts provide important insights into what people say about financial priorities and debt across generations, and both confirm that debt is important in retirement planning. Read More