Dave Ramsey reveals 3 serious retirement mistakes Americans make after 55 (and regret later)

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Personal finance guru Dave Ramsey has spent several decades watching people sleepwalk into retirement disasters.

In an interview with Kiplinger (1), the author and podcaster applied his pattern recognition to reveal some of the most common mistakes he’s seeing near-retirees make in 2026.

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Ramsey has witnessed a steady rise in senior debt over the years, which is a genuine cause for concern.

Between 1992 and 2022, the average debt burden for households headed by people aged 65 to 74 quadrupled, according to an AARP report (2) citing the Fed’s most recent Survey of Consumer Finances (SCF). This cohort now carries $45,000 in debt on average.