Survey: Boomers only generation still racking up debt

Of all the generations (Generations Y, X, and the Silent Generation) boomers were the only ones to add debt since 2007, according to a Securian Financial Group survey released Wednesday. Research revealed one-fifth of boomers owe at least $50,000 in non-mortgage debt, a 10-point spike from the 2007 survey.

Three quarters of non-retirees are concerned about the amount of debt they may carry into retirement, according to the most recent survey. Of all consumers, 82 percent are carrying non-mortgage debt, a figure that is virtually undiminished since Securian’s initial survey in 2007.