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But for some older Americans, this nightmare can become a reality.
Based on these factors and more, Moneywise calculated the elderly-bankruptcy-risk score per state.
Heres a look at the 10 states where boomers ages 65 and up are most likely to go bankrupt.
Also here are six ways torebuild your credit after a bankruptcy filing.
California
2.
Alaska
3.
Massachusetts
4.
Hawaii
5.
Maine
6.
New Hampshire
7.
New York
8.
Vermont
9.
Virginia
10.
Florida
Data is sourced fromMoneywiseand is accurate as of August 2, 2024.
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