Data Spotlight: Medical debt among older adults before the pandemic
March 16, 2022 / Source: CFPB
MAR 16, 2022
In 2018, 4.5 million adults ages 65 and older had medical debt, and many experienced significant hardships. This data spotlight describes the characteristics of older adults with medical debt, measured as having a past due medical bill, using the most recent data from the FINRA Foundation National Financial Capability Study (NFCS).