Too many older Americans are using credit cards to cover groceries and rent: AARP
An alarming share of older adults use credit cards to cover basic living expenses, AARP reports in a new survey.
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I’m surprised the percentage is less the older the bracket got. I’d think I’d go hog wild the older I’d get. Credit card for all! Max it out in a blaze of glory!
If you plan on leaving anything to anyone else after you die, that's a good way to screw that up. If you're completely alone with nobody claiming anything of yours, go for it.
If I have enough money to worry about my kids' inheritance, I'm probably not maxing out credit cards to buy groceries.
If I don't, then fuck it, they can take 10 or 20k off the sale of my house and live with that.
And in the latter case, why are my kids expecting inheritance after not helping me with affording essentials?
There are ways around that if you do it right.
