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Compound Interest
Trends
- 1Retirement savings face a credit card threat unseen in 15 years●Retirement faces a credit card threat not seen in 15 years
Credit card debt is being flagged as a growing threat to retirement security, with levels or conditions described as the worst in 15 years. Rising balances and high interest rates could force older Americans to draw down savings or delay retirement. Commentators urge retirees and pre-retirees to pay down card debt and reassess budgets before the problem compounds.