Sunday, October 25, 2009

Some Seniors Fend Off Recession On Credit Cards

As the nation slowly recovers from the worst economic meltdown in recent history, older Americans are likely to continue to feel its after-effects. Many seniors on fixed incomes have had to rely on credit cards to stretch their finances, like 74-year-old Florida retiree Esperanza Lops, who accrued $19,000 in debt. David Alecock, a vice president at the non-profit credit counseling service InCharge Debt Solutions, offers advice to those considering retirement.

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