I’m 72 With Only Social Security and $77K in Debt (Video)
In this 21 July 2025 video, host Michael Bordenaro talks about how being in the credit card debt cycle is not a good place to be no matter what age but particularly in retirement with only a social security check for income. Other Americans are facing issues like what age should I take social security and how will I keep up with the cost of living on my retirement income. Retiring might just be a golden in age in America that has come and went for most.
https://youtu.be/Ug2A0ej6OG0
00:00 Seventy-Two and Strapped: A Retirement Credit Card Debt Crisis
02:46 Credit Card Dependency Among Retirees: A Growing Problem
04:23 Navigating Debt: Reverse Mortgages and Tough Choices
06:10 Home Ownership vs. Renting: Securing Assets for Retirement
07:30 Regrets of Delaying Social Security: A Story of Lost Time
11:38 Retirement Savings Crisis: Unprepared for the Future
14:25 Homelessness Among Seniors: A Grim Projection
15:58 The Broken Promise of Retirement: Redefining Expectations
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