Americans facing retirement are now the fastest growing group of people filing for bankruptcy. A new study by the Consumer Bankruptcy Project reveals the rate of people older than 65 who filed for bankruptcy has tripled since 1991. I joined CBS This Morning to discuss the findings and offer advice.

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A new study reveals a jarring truth for baby boomers. Instead of retirement and relaxation, many are facing bankruptcy. More than 12 percent of those who file for bankruptcy protection are over 65, a figure that was just over 2 percent in 1991. I discussed on the CBS Evening News with Jeff Glor. 

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