28. Credit Card Debt Goes Down, Eventually

As mentioned earlier, going into retirement with debt on your shoulders is something you absolutely want to avoid. It could really damage your finances while prolonging your budgeting period.

A study found that 41.4% of seniors (aged 55 to 65) still have credit card debt. That number goes up a little bit, reaching 41.1% for those between the ages of 65 to 74.

However, credit card debt goes down eventually, so use this as inspiration to tackle yours sooner. A quarter of seniors over the age of 75 still have credit card debt.