Retirees Getting Snared in Credit-Card Bind

Older Americans' Debts Mounting as They Reach Retirement Age
 
The average debt of Americans 65 and older has jumped nearly 90 percent over the past decade to more than $4,000, and those aged 50 to 64 have seen their average debt double to the same amount, according to research by Demos, a New York-based think tank.