Over Half of Older Americans Say Debt Has 'Held Them Back' In Life Most older Americans in debt say they haven't saved enough to retire comfortably.

Over half of older Americans say their debt has "held them back" in life, according to new research from Talker Research.

A survey of 2,000 Gen X (55+) and baby boomer Americans explored how debt is affecting those who are close to or in retirement and found that 72% of respondents have accumulated debt, with over 50% reporting they are overwhelmed and fear they will never pay it off.

Related: Are You Actually on Track to Retire Well? A Financial Expert Reveals the Critical Milestones to Hit at Every Age — Plus 3 Common Oversights.