Credit card debt is the most common type of debt carried by older adults. High-interest debt means spending more of your budget on servicing the debt than building your future. Significant credit card ...

A historically large share of retirees have credit card debt, recent reports show, a sign of financial instability that worries retirement researchers. More than two-fifths of retirees carry balances ...

Nearly half of U.S. retirement plan participants carry credit card debt, reducing contributions and lowering account balances by up to 40%, according to J.P. Morgan Asset Management. The study ...