A Troubling Trend: Seniors and Bankruptcy

By Sheilah Kast,

Published February 6, 2019 at 3:12 PM EST

When financial affairs have spun out of control, filing bankruptcy is an option … but typically a last resort. Recent research published as ‘Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society,’ reveals that a growing number of adults 65 and older are choosing bankruptcy as their best option. We hear from Professor Deborah Thorne, a principal investigator for the‘Consumer Bankruptcy Project.’ Then we ask Helene Raynaud, of the non-profitGuidewell Financial Solutions, how to avoid monetary crisis and stress.

Tags

Sheilah Kast

Sheilah Kast is the host of On The Record, Monday-Friday, 9:30-10:00 am.

See stories by Sheilah Kast

Melissa Gerr

Melissa Gerr is a Senior Producer for On the Record. She started in public media at Twin Cities Public Television in St. Paul, Minn., where she is from, and then worked as a field producer for Oregon Public Broadcasting in Portland. She made the jump to audio-lover in Baltimore as a digital media editor at Mid-Atlantic Media and Laureate Education, Inc. and as a field producer for "Out of the Blocks." Her beat is typically the off-beat with an emphasis on science, culture and things that make you say, 'Wait, what?'

See stories by Melissa Gerr