Brand NEW YORK(Reuters) – Allen Lomax understands just just how your your retirement is meant to get: by the golden years, you ought to have paid down your property, accumulated a big cooking pot of cost savings, and also face many years ahead without fear.

The near future just isn’t quite shaping up like this for him.

Decades ago, the 69-year-old from Sylva, new york took away about $130,000 in federal loans for grad college. His hopes of sooner or later wiping that bill clean were dashed as he destroyed their well-paying task in the late 50s; your debt ballooned to $170,000, and remained after he declared bankruptcy with him even.

Now semi-retired as well as on Social Security, “there’s no chance that money is going to be ever be paid back, ” Lomax stated. Přečtěte si více o oSeniors cope with the reality that is harsh of …