You probably haven’t heard much about a recent report from the US Securities and Exchange Commission, which found that Americans are struggling to keep their retirement savings in tact.
The report, which came out this week, was part of a larger investigation of the debt levels of US households.
The latest installment of the SEC’s Debt Crisis Task Force, which was created by Congress to help manage the looming crisis, examined more than 4,600 financial accounts from more than 70 institutions and found that some are holding more than $1 trillion in assets, including 401(k)s, mutual funds, and other investments.
The debt is largely due to a large portion of the population being younger and older than their parents and grandparents, the report found.
The majority of Americans between the ages of 50 and 64 are in debt, the majority of whom are either under age 55, or under age 60.
The total amount of debt in the US today is more than twice what it was in 2007, according to the Pew Research Center.
That’s a problem, because the amount of financial debt held by those older than 65 is more or less stagnant, and the amount held by the younger generations is growing.
According to the report, nearly half of Americans aged 65 and older are not saving at all, with about 22% having less than $2,000 saved.
That means the majority aren’t taking advantage of a variety of strategies to stay afloat.
One strategy is to put down more than half of their assets and take on additional debt to keep up with the cost of living.
This strategy works because it gives you a bigger cushion against interest payments on your mortgage, rent, or car payments, as well as a greater ability to repay your debt with interest.
It also allows you to borrow more to cover expenses.
If you’re an older, less well-off consumer, this is a good strategy to try, but if you’re trying to save for retirement, you might want to consider making some other choices.
Here’s what you need to know about the debt crisis.
What are the key issues?
The SEC report found that more than 80% of the households in the study were at least 65 and that an average of 25% of Americans were over age 65.
The largest share of older Americans are the least likely to save, the authors wrote.
More than half are under age 65, and most are between 50 and 59, with the average age being 52.
Nearly half of these people are in subprime mortgages and have no credit history.
Many are either unemployed or in default on their mortgages.
The authors found that only about 6% of households had any debt that was at least $1,000.
That amount is far smaller than the national average of $1.3 trillion in outstanding debt.
The average debt of households aged 65 or older is $2.3 million, and nearly 60% of those households have less than a high school diploma.
What is the biggest challenge?
In a wide range of categories, the debt is concentrated in a relatively small number of households.
For instance, only 17% of household debt was in student loan debt, while 73% of debt was held by Americans over age 55.
Meanwhile, a large percentage of households with household income between $50,000 and $70,000 had more debt than they owe, including $3.5 trillion in household debt.
For those aged 65 to 64, household debt has grown by nearly 40% in the past five years.
About a quarter of that debt is held by younger Americans, while about 30% is held primarily by older Americans.
The biggest problems include:• Not paying on debts: In addition to the problem of paying on debt, many Americans are being forced to pay their debts with interest because of a rising cost of credit.
The percentage of Americans with debt at all has increased by about one-third in the last five years, according a report from Credit.com.
A lot of people are making more money because of that, and are paying more interest than they would otherwise.
The Federal Reserve recently lowered the federal funds rate for mortgages from 2.75% to 1.75%, and many lenders are increasing the interest rate on existing mortgages.• Not saving: Many people are struggling with low incomes, unemployment, and lack of job security, which means they are being unable to save as much as they used to.
The S&P 500 has lost nearly 50% of its value since the end of last year.
More and more people are having difficulty saving for retirement.
This is a problem because they don’t have access to the savings that they need.
They also don’t want to take on more debt to pay for retirement because they can’t afford it.• Low retirement savings: The vast majority of older adults are either earning below their income and/or not saving enough to reach their retirement goals.
The median household income for Americans over the age of 65 is $47,300, which is lower than the