Retirement is supposed to be a time of financial stability—but for millions of seniors, credit card debt is turning it into a daily struggle. As inflation drives up the cost of living, more retirees are relying on plastic to cover basic expenses. The result? A quiet crisis that’s growing worse every month. With fixed incomes and limited borrowing options, older Americans are falling deeper into debt—and many don’t know where to turn.
Fixed Incomes Can’t Keep Up
Most retirees rely on Social Security, pensions, or savings that don’t adjust quickly to inflation. When prices rise for groceries, utilities, and medical care, those fixed incomes fall short. Credit cards become a lifeline—but…