Getting old and going broke

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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.

Credits

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

Host:
Madeleine Brand

Producers:
Sarah Sweeney, Michell Eloy, Amy Ta, Christian Bordal, Quinn O'Toole, Yael Even Or