The financial struggles senior citizens face go beyond retirement


By Jonnelle Marte

Life after 60 can revolve around retirement – but that’s not the only financial challenge that’s likely to come up.

Many older consumers also have problems coping with debt payments, understanding their loans and recovering from financial scams, among other issues, according to a new report from the Consumer Financial Protection Bureau.

The US federal consumer watchdog analysed the 103,000 consumer complaints it has received from people 62 and older since the bureau was created in 2011 to highlight some of the most common complaints.

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