Americans are carrying higher levels of debt as they head into retirement, raising the specter of financial headaches in their old age, according to a white paper from Prudential Financial.

Much of that debt Americans are taking with them into retirement is housing debt, Prudential noted Tuesday in a white paper based on data from the Center for Retirement Research at Boston College. Citing Federal Reserve data, Prudential reported that median-home values for those aged 65 to 74 rose 76%, while housing debt skyrocketed 393%.

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