Debt worries haunt senior accountants

Debt-laden aging accountants are experiencing financial difficulties due to insufficient retirement planning, according the Chartered Accountants Benevolent Association (CABA).

AccountingWEB members have also voiced concern over the generational demographics issue with many “Baby Boomers” in the profession now looking to make an exit.

However, the rise in financial difficulty among accountants comes as a somewhat surprising trend, given that accountants often advise and audit others on such issues.

A CABA spokesperson told AccountingWEB:

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