Older consumers are carrying more debt, including mortgage, credit card, and even student loan debt, into their retirement years than in previous decades, according to a new CFPB report.

The CFPB warned against the dangers of carrying a mortgage into retirement.

"Mortgage debt, the largest debt that older consumers carry, is the key driver of this trend. Today, compared to a decade ago, fewer older homeowners own their home outright," said the CFPB's "Snapshot of older consumers and mortgage debt" report. "For many of the roughly 4.4 million retired homeowners with mortgage debt, making monthly mortgage payments on top of paying other monthly expenses can be a hardship."