The rate at which Americans age 65 and older are filing for bankruptcy has more than tripled since 1991 amid reductions in the social safety net and a shift away from pensions, according to a new study.
“Older Americans are more likely than ever to find themselves in bankruptcy court, seeking protection from creditors,” said the study written by academics at institutions including the University of Idaho and University of Illinois. It also said that among Americans in bankruptcy, the percentage of older people “has never…