**Sector:** Financial Services / Consumer Finance / Retirement Planning
**The Catalyst:** A June 2024 Employee Benefit Research Institute survey found 69% of U.S. retirees carry some debt, with credit card balances among the most common liabilities.
**Key Metrics:** • **Retiree Debt Prevalence:** 69% • **Balance‑Transfer Intro APR Period:** 12–18 months
**The Bottom Line:** Retirees should immediately list all credit cards, apply the avalanche method to the highest APR, and secure a 0% balance‑transfer card with a 12‑18 month intro period (fees ≤3%) to cut interest costs by up to 15% and accelerate payoff by 6‑12 months.
**What to Watch:** • **Expiration of 0% intro APR on balance‑transfer cards (12‑18 months after opening)** - Rate hikes after expiry could increase monthly costs; monitor card statements for reset dates • **Release of the next Employee Benefit Research Institute retiree debt survey (expected Q3 2025)** - Higher or lower debt prevalence will shift demand for debt‑consolidation products
**The "Booklet" Insight:** Can retirees eliminate credit‑card debt with balance‑transfer offers and the avalanche method?
#retirement #credit card debt #debt avalanche #balance transfer #personal finance
**The Catalyst:** Financial development with market implications.
**The Bottom Line:** This development has implications for market participants.
**The "Booklet" Insight:** Key financial development with market implications.
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