6/12/15 – Paying Off the Mortgage Is Becoming Harder for Older Workers (The New York Times)

Jun 15, 2015 Comments Off by

Older workers, stung by a punishing decline in house prices or high consumer debt, are increasingly unable to pay off their mortgages and are heading into their retirement years with substantial amounts outstanding.They have also been hit by unexpected expenses, layoffs, accumulated credit card bills or college loans, leaving them unable to pay off their single biggest debt unless they work longer, downsize or rely on other borrowing for the monthly payments.

Read the full article in The New York Times.

Financial Landing 2015

About the author

The author didnt add any Information to his profile yet