According to an article in the NYTimes, bankruptcy numbers have gone up in people age 55 and over since 1991. During the same time period, they have gone down for people younger than 45 years.
My personal take-away is that older people are more vulnerable: they have less options to earn an income, and they have more health problems ( $$$ ). So ... get to a financial position that is as safe and stable as you can, as young as you can.
Submitted August 06, 2018 at 02:00AM by PetraLoseIt https://ift.tt/2M4Hx5q
