How Retirement Is Changing in America

How retirement is changing

A report published by the Urban Land Institute, entitled How Retirement is Changing in America, shows that between 1998 and 2012, the share of adults age 65 and older with household debt increased from 30 to 44 percent. Twenty-four percent of older households had an outstanding mortgage in 2012, up from 16 percent in 1998. The prevalence of other types of debt, including credit card debt, has also grown over time. The same report concludes that older adults are working longer and that females are accumulating more retirement savings on their own.