66-Year-Old IT Business Owner Faces $70K Debt Amid AI Disruption

A 66-year-old IT business owner claims his income dropped from $80,000 annually to about $1,200 monthly due to the impact of artificial intelligence on traditional expertise. He now faces approximately $70,000 in credit card debt and is considering bankruptcy as a solution.

By Fahad Saleem Sat, May 23, 2026 at 10:31 PM GMT+3 8 min read · Yahoo Finance ·

66-Year-Old IT Business Owner Faces $70K Debt Amid AI Disruption

Topics: Artificial Intelligence Bankruptcy Debt Management Small Business Closures

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