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

Couple signing home contract
Rob Daly / iStock

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

man helping his daughter relocate, perhaps into an apartment or college dorm. They are in a parking lot unloading their cars. The young woman is carrying a laundry basket filled with her belongings.
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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

Woman sitting at table and working with calculator and papers
Srdjanpav / iStock

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

Kid Applying to College Ways School is Different
Refuge

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

Close up of man's hand giving car key.
Liderina / iStock

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%

And for more useful financing advice and information sent directly into your inbox,Sign up for our daily newsletter.

2
Mortgage

Couple are in a meeting with their financial advisor.
FatCamera / iStock

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

older straight white couple paying bills
Shutterstock / Fizkes

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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