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Rising debt among older households is a serious problem

Por: MarketWatch Business September 27, 2023

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, my colleagues and I tried to sort out what share of households with debt were at “high risk” and “low risk” of financial hardship and whether those at high risk generally looked the same or fell into distinct groups.     Read: The first step was determining how many of these households were at high risk. The factors—secured vs. unsecured debt, debt payment-to-income ratio, and debt-to-assets ratio — are commonly used by lenders... + full article



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