Debt delays retirement for many in their 60s, study finds

08/26/2013 | United Press International

Nearly 2 in 3 U.S. adults in their 60s were carrying debt in 2010, a substantial increase from 1998, when only half of those in that age group had debt, researchers with the Urban Institute have found. People in their 60s who owe money, particularly in the form of a home mortgage, are likely to delay retiring or collecting Social Security benefits, the study found.

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