A Troubling Trend: Seniors and Bankruptcy

When financial affairs have spun out of control, filing bankruptcy is an option … but typically a last resort. Recent research published as ‘Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society,’ reveals that a growing number of adults 65 and older are choosing bankruptcy as their best option. Professor Deborah Thorne is a principal investigator for the ‘Consumer Bankruptcy Project.’ Then we ask Helene Raynaud, of the non-profit Guidewell Financial Solutions, how to avoid monetary crisis and stress.Do you have a question or comment about a show or a story idea to pitch? Contact On the Record at: Senior Supervising Producer, Maureen Harvie she/her/hers [email protected] 410-235-1903 Senior Producer, Melissa Gerr she/her/hers [email protected] 410-235-1157 Producer Sam Bermas-Dawes he/him/his [email protected] 410-235-1472