The number of senior citizens filing for bankruptcy is going up, according to the Consumer Bankruptcy Project.
And it's not just because the senior population is growing- researchers found that the rate of Americans over 75 filling for bankruptcy tripled from 1991 to 20-16.
The most common factor was medical expenses.
But researchers also point to the change from pensions to 401k's as another cause.
AARP's Reggie Nance joins us to explain more.