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Marketplace Morning Report

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Rising Bankruptcy Rates Among Older Americans

This chapter examines the rising rate of bankruptcies among older Americans, particularly those over 65, whose filings have increased dramatically from 4.5 percent in 2001 to nearly 19 percent by 2022. It is part of a series focused on the financial challenges faced by retirees in the context of modern debt trends like 'Buy Now, Pay Later.'

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