Don't Let Debt Derail Your Retirement

Average debt is spiking amongst older Americans, and that could spell trouble for many people's plans to retire.

Adrift on a sea of red ink, more middle class Americans are feeling queasy about their retirement plans. And many of those struggling to save have very little time to right the ship.

A series of new studies released by AARP on Tuesday probed the causes and consequences of middle class financial woes. One dominant theme: Rising levels of credit card, mortgage, student-loan and other debt threaten to push many people out of the middle class during their retirement years.

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Eleanor Laise
Senior Editor, Kiplinger's Retirement Report
Laise covers retirement issues ranging from income investing and pension plans to long-term care and estate planning. She joined Kiplinger in 2011 from the Wall Street Journal, where as a staff reporter she covered mutual funds, retirement plans and other personal finance topics. Laise was previously a senior writer at SmartMoney magazine. She started her journalism career at Bloomberg Personal Finance magazine and holds a BA in English from Columbia University.