Something to look forward to? Bankruptcy in Retirement!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting.

According to a recent study, the rate of people 65 and older filing for bankruptcy is three times what it was in 1991. Questions: 1. What are some of the main reasons that this is happening? 2. What is happening to the next generation nearing retirement age and why is this happening? 3. In 2016,… Read more »