The dream of retirement as a peaceful, debt-free chapter is fading for many Americans.
Instead of coasting on savings, growing numbers of older adults find themselves burdened with financial obligations—think lingering mortgages, ballooning medical bills, student loan payments, and credit card debt.
On MPR News, Angela Davis leads a revealing discussion with Chris Farrell, MPR senior economic contributor and Henry Rucker, associate director of Homeownership and Financial Coaching at Project for Pride in Living, on the causes behind this shift, its broader implications, and how retirees can reclaim control.