The growing number of Zoomers is carrying more debt into retirement and increasingly declaring bankruptcy.

So says a new report prepared for the federal government.

It also found the need to support dependent adult children, who are taking longer to find work is contributing to the trend.

The study says declining numbers of older Zoomers are in registered pension plans.

There’s also evidence of increasing income inequality among those 65 and older.

Seniors are also struggling with financial literacy and having difficulties staying on top of financial affairs as they age.

The report recommends financial literacy strategies should take into account ageism, the stigmatization old seniors, health status and elder abuse.