Are seniors stretching their standard of living?

According to Equifax Canada, bankruptcies are growing faster among seniors than any other group in Canada. Even more concerning, more seniors than ever before are carrying debts into retirement – and in some cases even taking on new mortgages in their golden years.

Jeff Schwartz, executive director of Consolidated Credit Counseling Services of Canada, sees over indebtedness among older Canadians as a growing concern, and shared his thoughts with Garry Marr.

You can read Jeff’s comments in the Financial Post.

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