Stubborn inflation has continued to impact the finances of Americans across the nation. However, seniors on limited incomes may be feeling a lot of financial pain in particular. After all, rising prices caused by high inflation means that many are devoting a higher percentage of their incomes to necessities like food, housing and fuel.
And, due to these higher costs, an increased number of people, seniors included, may be using their credit cards to stay afloat, as indicated by the recent data that shows about one in five credit cards are maxed out. High amounts of credit card debt and other debts can be especially d…
Read the full article at: https://www.cbsnews.com/news/simple-ways-for-seniors-to-consolidate-debt/
