Seniors often worry about spending money — will their resources last as long as they need them? Will they be able to leave an inheritance for children? What if they run out?
It’s wise to be concerned and to think about how money is being spent. The latest statistics from the National Center for Policy Analysis show that seniors in the 65 to 74 age bracket are spending more on mortgages and credit card debt than in the past.
It’s important for seniors to have a financial plan and to use their resources wisely. Click here to read an article spending trends among older Americans published recently in USA Today.