USA Today reports that in America, the number of debtors decreased by 5% from 2000 to 2011. But that debtors owed 40% more, especially seniors.
More Americans are debt-free than in 2000, but the ones who have debt owe nearly 40% more, and seniors have the biggest percentage increase in debt, the Census Bureau said Thursday.
The percentage of U.S. households carrying any debt dropped to 69% in 2011 from 74% in 2000, the government reported. But the median debt load rose to $70,000, from an inflation-adjusted $50,971.
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