Financial stress peaks in the 40s when adults typically have a range of colliding pressures placed upon them – families, mortgages, loans and so on. 45% of people in their 40s suffer from financial stress. However, while it declines as we get older, it remains high with 31% of people over 50 stressed, and 19% of those over 70. For those over 50 and especially those over 60, financial pressures produce unique situations not found in younger age groups – income drops with retirement and financial options become more limited; especially long term ones such as mortgages. Creating a successful coping strategy for financial stress among older citizens requires knowing the causes, the consequences, and finding coping methods that work for you. This guide aims to outline these basic points.

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