{"id":125,"date":"2026-07-09T04:56:44","date_gmt":"2026-07-09T09:56:44","guid":{"rendered":"http:\/\/www.fcallc.biz\/blog\/?p=125"},"modified":"2025-12-24T17:01:35","modified_gmt":"2025-12-24T22:01:35","slug":"debt-and-senior-citizens","status":"publish","type":"post","link":"https:\/\/www.fcallc.biz\/blog\/?p=125","title":{"rendered":"Debt and Senior Citizens"},"content":{"rendered":"

I recently read an article about the rising debt of senior citizens.\u00a0 <\/span>Senior citizens, I thought? Surprising, not really. Think about it. Senior citizens are on a fixed income unlike the younger generation. Their income does not keep up with the rising prices for food or anything else.\u00a0 <\/span>Seniors are using their credit cards to pay for everyday items such as groceries and medical care.\u00a0 <\/span>The article mentions visiting a consumer credit counseling service.\u00a0 <\/span>Here are a few additional steps you can take to help a loved one:<\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/strong><\/p>\n

\u00b7<\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Set up a budget and evaluate where the money is being spent.<\/span><\/span> The budget will help with organizing expenses and looking for excess cash reserves.<\/span><\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/p>\n

\u00b7<\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Look for alternative sources of income.<\/span><\/span> Perhaps your loved one can obtain a part time job to help with the excess bills.<\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/p>\n

\u00b7<\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Shop around for better prescription prices or choose generic drugs.<\/span><\/span> Wal-Mart has a prescription program where prescriptions can be purchased for as little as $4. <\/span><\/span><\/p>\n

http:\/\/www.walmart.com\/catalog\/catalog.gsp?cat=546834<\/span><\/a><\/span><\/p>\n

\u00a0<\/span><\/span><\/span><\/span><\/p>\n

\u00b7<\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Contact the credit card company and negotiate repayment terms. <\/span><\/span>\u00a0<\/span>Right now is a good time to negotiate with your credit card company. Most of them are flexible and willing to negotiate with you in order to keep you as a customer.<\/span><\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/span><\/span><\/p>\n

What are your thoughts and what are you doing to help your loved one overcome their debt problem?<\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/strong><\/p>\n

Don’t forget to follow us on Twitter:<\/span><\/strong> http:\/\/ twitter.com\/1stCapAdvise<\/span><\/span><\/strong><\/span><\/p>\n

\u00a0<\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

I recently read an article about the rising debt of senior citizens.\u00a0 Senior citizens, I thought? Surprising, not really. Think about it. Senior citizens are on a fixed income unlike the younger generation. Their income does not keep up with … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,41],"tags":[12,23,6],"class_list":["post-125","post","type-post","status-publish","format-standard","hentry","category-credit-cards","category-personal-finance","tag-credit-card-payment","tag-debt-management","tag-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125"}],"version-history":[{"count":3,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/125\/revisions"}],"predecessor-version":[{"id":538,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/125\/revisions\/538"}],"wp:attachment":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}