While most creditors can't touch your benefits, there are some types of delinquent debt that can reduce your monthly payments.
In the 60-to-69 age group, total consumer debt — i.e., mortgages, loans, credit cards — is nearly $2.2 trillion, compared with $380 billion in 1999.
While most creditors — i.e., credit-card companies or other lenders — can't touch your Social Security payments, some types of delinquent debt can reduce those monthly checks. And when they do, look out. About 48% of married couples, and 69% of singles age 65 and older, get at least half of their income from those monthly checks. Another 21% of married couples and 44% of unmarried individuals rely on them for 90% or more of their income. The average monthly benefit today is $1,461.
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