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Word cloud of financial terms including debt Oder adults represent an increasing percentage of bankruptcy filers, increasing from 2.1 percent in 1991 to 12.2 percent today.

Bankruptcy is claiming boomers at three times the rate it did in 1991, and the culprits are higher medical bills, lower pensions and savings that just don’t cut it.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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