While we are inundated with TV commercials promoting some illusion of early retirement and traveling in a six figure, gas guzzling RV for months at a time with the grand kids...reality is something completely different.

A new report(pdf) shows the opposite is happening. Americans are filing bankruptcy in droves and the most affected are older people.

Titled Generations of Struggle this study is by the Consumer Bankruptcy Project, sponsored by the AARP. Elizabeth Warren is one of the authors.