Americans certainly aren’t strangers to debt, with the average U.S. household carrying over $15,000 in credit card debt, $168,000 in mortgage debt, and $48,000 in student loan debt. But it’s not just young Americans who owe heaping sums of money. A 2015 Pew Charitable Trusts report confirms that 80% of baby boomers (today’s 51 to 70-year-olds) and 56% of retired members of the silent generation (today’s 71 to 91-year-olds) have at least one form of debt.