Young vs Old Folk Credit

      Research has verified that the way people think and make decisions about credit are very much different based on many things, and age is one of them.

       At the tender age of about 25, I was working in an environment in which the normal saying during a conversation was, "If I am able to retire at 35, then things should go well for me!" Little did I know at that time that even if I was selling annuities coupled with life insurance, later on in life, that statement may have had real life implications. In other words, then, it was a thing to brag about being so financially fit at age 35 that you were in good shape or on the right financial path to just take it easy, or even retire!

      So, now what we see is that most financial problems or mistakes start at the tender age of about 30. Wow! What a change from yesteryear!  Apparently, the goals of the 30 something person just supersedes what it should be or there is something else going on. 

     At any rate, I'd say, if there are people who do financial planning that are not approching that age 30 ...est age group they are missing out. But then, at that age, there is a motivation factor that would cause them to think all is fine! 

        Then too, older folk may be choosing this debt consolidation option if it pertain to part of their end of life plans; which does include estate plannning.

     My point being, not just middle age and retirement age folks, but needing debt consolidation has been a need even for those near age 30.