Bankruptcy Filings Rising for Older Americans, Research Group Says

Bankruptcy filing rates among Americans 65 and older have grown exponentially just as those for the general population have declined, a new study shows.

One in seven bankruptcy filers is of retirement age, which is almost a five-fold increase since the early 1990s, data by the Consumer Bankruptcy Project shows.

Among those 75 and over, the demographic shift since 1991 has been even more dramatic with a 10-fold increase. That year, this group consisted of only 0.3 percent of filers, compared to a 3.3 percent of filers between 2013 and 2016.

The overall trend shows that young bankruptcy filers are ...