From Yahoo Finance: 2025-06-02 11:18:00

A survey by Talker Research found that 72% of Gen X and baby boomer respondents are carrying debt, with over half feeling overwhelmed and fearing they’ll never pay it off. 67% of non-retired respondents said they can’t retire as planned due to debt, forcing many to delay retirement.

Credit card debt is the most common source of debt, with 45% of respondents carrying balances close to $9,000 and monthly payments averaging $418. High interest rates are a common roadblock, with 30% of respondents citing it as the reason they can’t make progress.

About 30% of respondents still owe on their homes, with an average mortgage debt of around $72,000 and monthly payments averaging $797. One in five said they’re dealing with medical debt, with an average balance of just over $9,000 and monthly payments averaging $222, making it difficult to retire.

22% of respondents still have auto loans, owing an average of $17,000 and paying about $446 per month. Combined with other debts, it’s another reason they feel like they have to delay their retirement plans.

Read more: 4 Ways Debt Is Forcing Older Americans To Delay Retirement