According to credit counselors, elder law
attorneys and economists, older Americans are
drowning in debt across the United States. Many
seniors are filing for bankruptcy alongside
looking for financial assistance and work.
Sadly, healthcare bills, mortgage payments,
credit card balances and student loans are the
main reasons behind this debt for the elderly.
Moreover, the financial crisis and few employment
opportunities have proved to be just as punishing.
Due to the increasing rates of
osteoporosis, the occurrence of hip fractures will
likely increase in 2050 by 32% in Brazil, by 85%
in Argentina, and by 424% in Mexico. After a
hip fracture, the risk of an older individual
dying within six to eight months increases,
according to Dr. Bruno Muzzi Camargos.