How you manage debt could have a big impact on how your retirement dreams play out.
Four in 10 retirees cite "paying off debt" as a current financial priority — putting it on equal footing with "just getting by to cover basic living expenses" as a top concern, according to a new report from the Transamerica Center for Retirement Studies. Almost 3 in 10 cite paying down credit card debt as a priority, while 17 percent are focusing on mortgage debt and 11 percent some other consumer debt, such as medical bills or student loans.
Meanwhile, many younger Americans aren't optimistic about their chances of knocking out debt before they retire, either — or, well, ever. A new survey from CreditCards.com found that 25 percent of adults expect to die with debt. (That's down from 30 percent who said so last year.) Another 41 percent of adults say they don't know when they'll pay off their debt.