More Americans are entering retirement with debt, a paper from the NBER shows. (Photo: Shutterstock)

Older persons today appear more likely to enter retirement in debt than in past decades, according to a working paper from the National Bureau of Economic Research.

The NBER paper – Debt and Financial Vulnerability on the Verge of Retirement – is co-written by Annamaria Lusardi, Olivia S. Mitchell and Noemi Oggero.

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