It's the biggest debt of your age.
Some types of debt are not only concerns for the youngest generations.
Whether it's a student loan,credit cardor mortgage, like most people in the United States, you probably wear at least one type offinancial debt. And if you do not do it, do you consider luck. Debt can be most often associated with our 20, 30 and 40 years, when we start coming out of careers,Buy houses, have families and make othersMajor life decisions, many of which will get us into the red. But what is the biggest debt of a personIn their 50s? What about in the 60s, and when they reach their 70s?
To answer these questions, a new survey conducted by the caregiver, a website for senior care and assisted living facilities, requested more than 1,000 people out of 50 out of 50their current financial situations, past regrets and plans for the future. Read it to discover the most common debt type of debt with the 50s, 60 and 70s. And to more compare your expenditure habits to others',Here's how much money spend on 25 daily items, the data.
7 Credit line of equity at home
People in their 50 years with this type of debt: 9.3%
People in their 60s with this type of debt: 9.9%
People in their 70s with this type of debt: 6.2%
Anyone over 50 with this type of debt:9.5%
And if you wonder how much money from your generation has hidden, discoverHow much money the average person of your age is worth, shows data.
6 Children's student loans
People in their 50 years with this type of debt: 12.3%
People in their 60s with this type of debt: 5.3%
People in their 70s with this type of debt: 7.4%
Anyone over 50 with this type of debt:9.8%
5 Personal loans
People in their 50 years with this type of debt: 11.1%
People in their 60s with this type of debt: 10.9%
People in their 70s with this type of debt: 8.6%
Anyone over 50 with this type of debt:10.8%
And for more information on how wages change as you get older,How much money do people in your age do average, data.
4 Their own student loans
People in their 50 years with this type of debt: 16.1%
People in their 60s with this type of debt: 8.6%
People in their 70s with this type of debt: 6.2%
Anyone over 50 with this type of debt:14.0%
3 Auto loan
People in their 50 years with this type of debt: 29.1%
People in their 60s with this type of debt: 26.6%
People in their 70s with this type of debt: 32.1%
Anyone over 50 with this type of debt:28.3%
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2 Mortgage
People in their 50 years with this type of debt: 44.9%
People in their 60s with this type of debt: 35.9%
People in their 70s with this type of debt: 40.7%
Anyone over 50 with this type of debt:41.5%
And if you are looking to reduce, discoverHow much value of your home will change in 2021, say experts.
1 Credit card debt
People in their 50 years with this type of debt: 51.9%
People in their 60s with this type of debt: 46.4%
People in their 70s with this type of debt: 50.6%
Anyone over 50 with this type of debt:50.7%
And for another essential financial advice, checkIf you do not spend money on this, you hurt your credit score..
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