Thursday, March 24, 2011

Is it a trend or just pure coincidence.I noticed that the very old people above 80 are getting into debt by ..?

In case you haven't read the paper lately, the economy stinks. While seniors likely are increasingly getting into debt, I don't believe most of them are trying to abuse the system by putting tens of thousands of dollars on credit cards with no intention to pay. My parents use credit cards wisely and are in their 80's and live modestly. My mother has Parkison's Disease and takes maybe 10 different pills a day- one of them alone costs 1000.00 month. So I think life is very expensive for older ill people even if they have insurance, so many of them are just getting by, not eating at Outback every night, People of all ages get into debt, but singling out seniors is unfair.

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