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Nearly 1 in 12 U.S. adults have medical debt. I’m a 72-year-old widow, and a debt collector is harassing me for $42K in unpaid medical bills my husband racked up before he died.
Debt doesn’t discriminate based on age. At the end of 2023, Americans’ credit card balances sat at $1.13 trillion, a $50 billion increase from the year before.
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Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.
Aged – Being deemed aged consists of attaining the age of 65 or older. [25] In some cases benefits can be claimed at the age of 62. [26] The Social Security Administration, like the United States Government in general, follows English common law and considers a person to attain an age the day before their birthday. [27]
The bill (H.R. 2831 and S. 1843) was defeated in April 2008 by Republicans in the Senate who cited the possibility of frivolous lawsuits in their opposition of the bill [15] and criticized Democrats for refusing to allow compromises. [16] The bill was reintroduced in the 111th Congress (as H.R. 11 and S. 181) in January 2009.
There's a magic number to know that can help you maximize your Social Security income when you are ready to retire. And it's not the number you might think it is. See: 10 Reasons You Should Claim...
However, there exists a penalty for collecting benefits before full retirement age: the recipient's monthly benefits are permanently reduced. [9] For instance, if a recipient turns age 62 in 2017, their benefit will be approximately 25.8 percent lower than it would have been at full retirement age of 66 and 2 months. [4]