Rising Debt, Falling Income: How to Dig Out
More Americans over age 55 are carrying debt loads, and their nonmortgage debt grew significantly during the pandemic.
Angie Barajas, 73, outside Eastwood High School in El Paso, where she taught for 25 years. After retiring to care for ill family members, she was burdened with bills she hadn’t planned for.Credit...Justin Hamel for The New York Times
By Susan B. Garland
April 17, 2021, 5:00 a.m. ET
Angie Barajas taught special education and bilingual classes in El Paso high schools for 25 years. But after caring for two ailing family members, Ms. Barajas slid from a stable middle-class life into bankruptcy court.