A report in the Austin American-Statesman indicates that Americans nearing retirement age may have been more adversely affected by the economic difficulties of recent years than many others. In addition to the downturn of the housing market, household income has decreased significantly for Americans between the ages of 55 and 64. This may lead to people working longer, and retiring at an older age, as well as struggling more with bills and everyday personal finances. The report also touches on an increased household income for Americans over age 65, but speculates that in fact this may be related to the fact that people are retiring older. Since many people over age 65 are still working because they do not yet have enough savings to retire, their income is actually higher than it would be if they had retired.
Are you struggling to save money for retirement while paying high debts? Contact an experienced Dripping Springs bankruptcy attorney to discuss all of your options.
As people approach retirement age, they should be able to start thinking about how they will spend their free time, but unfortunately more people are struggling with the money that they need to retire. In some cases, people may have amassed more debt than they are able to handle. Bankruptcy may be an options to consider, but there are often other options as well.
If you are struggling to keep up with your bills and make payments on debt, contact a knowledgeable Dripping Springs bankruptcy attorney to discuss all of your options. Brian Daniel of The Daniel Law Firm can help you understand your bankruptcy options, but he can also explain all of the other options that are open to you. Planning for the future, even as you approach retirement age, is not easy; Brian is an Dripping Springs bankruptcy attorney who can help you sort through all of your options. For more information and a FREE CONSULTATION, contact Brian today at (512)615-3569.