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Buy Now, Pay Later: The Rising Debt Crisis Among Older Americans 4:00-5:30 pm

Date and Time

Wednesday, September 3, 2025, 4:00 PM until 5:30 PM Central Time (US & Canada) (UTC-06:00)

Location

Mill City Commons Office, Room 215
1201 West River Parkway
Minneapolis, MN  55454
USA

Event Contact(s)

Jane Stacy

Category

Education

Registration Info

Registration is required
Registration cancellations will be accepted

Capacity

50 Total Slots
12 Available Slot(s)

About this event

Major economic and social shifts often build slowly and unevenly—until the evidence becomes impossible to ignore. That’s the trajectory of a more than three-decade rise in debt among older Americans, both approaching and during retirement. This growing burden threatens the financial security of increasing numbers of retirees, particularly those with modest incomes.

An AARP report reveals that nearly half of older adults surveyed use credit cards to cover basic living expenses. Other studies show home equity is being tapped to pay bills. Combined with medical debt, student loans, and auto loans, the picture raises serious concerns.

Chris Farrell, senior economics contributor at Minnesota Public Radio, will examine the forces driving this troubling trend—and how it is becoming a debt trap for far too many.

This program is part of a series focused on finance and economics.

Interested in carpooling? Click on the registrant list and find a member in your building or near you that you can connect with and ask to share a ride. Or, feel free to contact the MCC office for a suggestion.

Mill City Commons
1201 W River Pkwy, Suite #217C
Minneapolis, MN 55454
612-455-3329
info@millcitycommons.org
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