Getting old and going broke

In the last 30 years, the rate of Americans over the age of 65 filing for bankruptcy has tripled according to a new study from the Consumer Bankruptcy Project. The reason for the increase has to do with the shift of financial risk from government and employers to individuals.



  • Robert M. Lawless - University of Illinois; co-author of the study “Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society"