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Thursday, January 25, 2007
U.S. Seniors' Debt Increasing Amid Rising Health Care Costs, Employer-Sponsored Health Benefits Cuts
An increased number of seniors have "turned to credit cards and home equity to pay medical bills" at a time when "more employers are cutting back on retiree medical and pension benefits," USA Today reports. According to USA Today, "many seniors live on fixed incomes," and an "illness or disability can plunge them into crushing debt."
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