of the Toronto Star
http://www.thestar.com/
seniors_acquiring_more_debt_
concerning issues regarding the economic stability of this generation's
seniors. The report revealed that seniors had the greatest increase in debt
over the last year at 6.5 per cent, while total debt only increased by 6.1
per cent. The article discusses various possible explanations for seniors
having higher debt rates. One of these is that seniors might be
intentionally taking on the debt themselves to help support family members
or their own children who are also financially struggling. While this may
certainly be a factor though, there is always also the possibility that this
is a reflection on how disadvantaged seniors might be in contemporary
society. Another plausible explanation that they take on debt to enhance
their lifestyle
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