Your years spent in active retirement are supposed to be the best years your livef. You are alleviated from the burdens and responsibilities of working every day, and your family is most likely grown. You finally have the time to be a little bit selfish - and you probably have dreams of travel, volunteering, relaxing and pursuing new hobbies. All of this might be shoved to the side, however, if you are dealing with a mountain of debt.
It's a common misconception that the majority of senior citizens are financially stable. In fact, an article published by USA Today reports that an increased number of people over the age of 65 are seeking bankruptcy protection.