Young adults are pulling back on credit-card debt for similar reasons, said Amy Traub, a senior policy analyst at Demos, a public policy research organization. It found that Americans age 25 to 34 cut their credit card debt in half between 2008 and 2012. All around them, young adults are seeing

Despite millennials' lingering reputation as financial delinquents, it turns out not everyone drowning in credit card debt has a newly-printed college diploma and a stack of student loan bills. A recent article by Reuters' Chris Taylor reveals baby boomers are facing an even steeper road to

Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand. Harsh's debt snuck up on her as she helped her two daughters with college and living costs. She went back to

High unemployment and underemployment forced one in four Americans to pull money out of a retirement plan to make ends meet. ... A separate study on credit-card debt done by Demos, which surveyed some 997 households, warns that middle-income households of those nearing retirement are running up huge

Alfred Carpenter, 52, was working for a high-end shoe store in 2007, when the recession put the company out of business. A long-time salesman, Carpenter wasn't worried about getting another job, but then broke an ankle a few months later and ended up in the hospital. With no insurance and a $50,000

A recent survey by Demos found that middle-income Americans 50 years of age and older have more credit card debt, on average, than younger Americans, a finding opposite of that reported in a 2008 survey. The report revealed that older American households had an average credit card balance of $8,278

Elderly Americans are carrying more credit card debt, according to a new survey. The survey reports the main reason is due to job loss and medical bills, not because of a lack of financial responsibility. The study looked at 997 middle-income households that were carrying credit card debt for at

Adrift on a sea of red ink, more middle class Americans are feeling queasy about their retirement plans. And many of those struggling to save have very little time to right the ship.

AARP CEO A. Barry Rand called for renewed focus on strengthening Social Security, Medicare and Medicaid in a speech today at the National Press Club. Rand discussed findings from AARP Public Policy Institute's newly released "Middle Class Security Project," which studies how middle class working

The head of AARP warned Tuesday that cost-of-living adjustments in Social Security would jeopardize the retirement security of many seniors. A. Barry Rand, in a speech at the National Press Club, laid out his group's agenda as Washington heads into another showdown over the debt ceiling. Rand