A growing number of Americans over age 65 are filing for bankruptcy just to get by, and it could signal a larger problem in the US

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• More older Americans are filing for bankruptcy, reports The New York Times, citing a study from the Consumer Bankruptcy Project.
• Respondents of the study cited a decline in income, too many healthcare costs, and too much debt as contributing factors to their bankruptcy.
• But bankruptcy isn't a cure-all when you've already reached retirement age — many people struggle to ever regain their financial footing, the study says.

Bankruptcy is crushing the retirement dreams for an increasing number of older Americans.

Since 1991, the rate of people 65 and older filing for bankruptcy has tripled, reports The New York Times, citing a study from the Consumer Bankruptcy Project. The study looked at 895 personal bankruptcy cases and questionnaires from those aged 19 to 92.See the rest of the story at Business Insider

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