To answer those very questions, a new survey conducted by Caring Advisor, a website for senior care and assisted-living facilities, asked more than 1,000 people over 50 about their current financial situations, past regrets, and plans for the future. Read on to discover the most common type of debt people carry in their 50s, 60s, and 70s. And to further compare your spending habits to others’, This Is How Much Money People Spend on 25 Everyday Items, Data Shows. People in their 50s with this type of debt: 9.3 percent People in their 60s with this type of debt: 9.9 percent People in their 70s with this type of debt: 6.2 percent Anyone over 50 with this type of debt: 9.5 percent And if you’re wondering about how much cash others from your generation have stashed away, find out How Much Money the Average Person Your Age Is Worth, Data Shows. People in their 50s with this type of debt: 12.3 percent People in their 60s with this type of debt: 5.3 percent People in their 70s with this type of debt: 7.4 percent Anyone over 50 with this type of debt: 9.8 percent People in their 50s with this type of debt: 11.1 percent People in their 60s with this type of debt: 10.9 percent People in their 70s with this type of debt: 8.6 percent Anyone over 50 with this type of debt: 10.8 percent And for more on how salaries change as you get older, This Is How Much Money People Your Age Make on Average, Data Shows.ae0fcc31ae342fd3a1346ebb1f342fcb People in their 50s with this type of debt: 16.1 percent People in their 60s with this type of debt: 8.6 percent People in their 70s with this type of debt: 6.2 percent Anyone over 50 with this type of debt: 14.0 percent People in their 50s with this type of debt: 29.1 percent People in their 60s with this type of debt: 26.6 percent People in their 70s with this type of debt: 32.1 percent Anyone over 50 with this type of debt: 28.3 percent And for more useful finance tips and information sent straight to your inbox, sign up for our daily newsletter. People in their 50s with this type of debt: 44.9 percent People in their 60s with this type of debt: 35.9 percent People in their 70s with this type of debt: 40.7 percent Anyone over 50 with this type of debt: 41.5 percent And if you’re looking to downsize, check out How Much Your Home’s Value Will Change in 2021, Experts Say. People in their 50s with this type of debt: 51.9 percent People in their 60s with this type of debt: 46.4 percent People in their 70s with this type of debt: 50.6 percent Anyone over 50 with this type of debt: 50.7 percent And for another essential financial tip, check out If You’re Not Spending Money on This, You’re Hurting Your Credit Score.
