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MPR News with Angela Davis
Angela Davis, Maja Beckstrom and Chris Farrell
Updated:

More Minnesotans are carrying debt into retirement

women looking at bill
More older Americans are carrying debt into retirement, including mortgages, medical bills, high credit card balances and even student loan debt.
Shvets via Pexels

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Retirement is often seen as the time to finally slow down, enjoy life and live off your years of savings. But that’s not reality for many people.  

More older Americans are entering retirement weighed down with debt in the form of mortgages, credit card balances, medical bills and even student loans.  

MPR News host Angela Davis talks with guests about what’s behind the trend of rising debt in retirement, what lies ahead and ideas for tackling it.

Guests:

  • Chris Farrell is the senior economics contributor at MPR News and Marketplace and author of the recent 12-part series on Marketplace and Next Avenue, Buy Now, Pay Later, about the debt burden of older Americans nearing and during retirement.

  • Henry Rucker is associate director of Homeownership and Financial Coaching at Project for Pride in Living, a Minneapolis nonprofit organization that focuses on affordable housing and career readiness for low-income households.  

two men pose for a portrait
Henry Rucker (left), associate director of homeownership and financial coaching at Project for Pride in Living, and MPR News senior economics contributor Chris Farrell pose for a portrait in the Kling Public Media Center in St. Paul.
Nikhil Kumaran | MPR News

Subscribe to the MPR News with Angela Davis podcast on: Apple Podcasts, Spotify or RSS.     

Use the audio player above to listen to the full conversation.     

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