The (Interconnected) Reasons Elder Americans File Consumer Bankruptcy

@article{Thorne2010TheR,
  title={The (Interconnected) Reasons Elder Americans File Consumer Bankruptcy},
  author={Deborah Thorne},
  journal={Journal of Aging \& Social Policy},
  year={2010},
  volume={22},
  pages={188 - 206}
}
  • D. Thorne
  • Published 31 March 2010
  • Economics
  • Journal of Aging & Social Policy
Since the early 1990s, the age distribution of the bankruptcy population has shifted. Specifically, the age distribution curve has flattened, due in large part to an increase in the number of elder Americans (65 and older) who are filing bankruptcy. To date, the reasons for elder bankruptcies have not been studied. Quantitative and qualitative data from 381 elder bankruptcy respondents who participated in the 2007 Consumer Bankruptcy Project suggest that overwhelming interest and fees on credit… 

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