The Debt Bubble Threatens to Derail Many Baby Boomers' Retirement Plans Another WSJ article (I read every day). Saying that more retirees are in debt (maybe smart people understanding good debt) than used to be - "Even retirees are getting in on the act. Among households headed by someone age 75 or older, 40% had some sort of debt in 2004, up from 29% three years earlier." However, watch the advice in the close of the article- "You should get some help from Social Security, and you may also have a company pension. Still, if your prospective retirement income looks a little thin, you know what you need to do: Stop borrowing, pay down existing debts -- and start saving like crazy." So long as "experts" tell people to stop borrowing, pay down debt and start saving - without telling them about investing and good debt - the chosen/self-selected few who are into investing will be better off.