Why do Seniors have debt problems ?

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22 Jun Why do Seniors have debt problems ?

Unfortunately, a growing trend today is that Seniors are getting into financial difficulty. The reasons for this are varied, but may include:

-access to credit cards, not as available in their younger years;

-lack of budgeting skill, in living on reduced retirement income, often with higher costs: medical, hydro, gas, and other costs;

-often helping younger family members by using credit, when they can’t afford to;

-too much time on their hands, with ready access to gambling sites, credit cards, and other opportunities.

If you, or someone you know is involved in these circumstances, it may be beneficial to have them come in to see us for a confidential initial meeting-Free of charge, to discuss solutions.