One Crisis Away: Drowning In Debt | KERA News

One Crisis Away: Drowning In Debt

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KERA’s series One Crisis Away: Drowning In Debt focused on North Texans struggling to pay back money owed. These stories struck a chord with KERA listeners—many commented that they could relate. Others weren’t nearly so sympathetic. Here's a look at what's behind the shame and stigma surrounding debt.

Lara Solt / KERA news special contributor

Most people are working to pay down something. A mortgage, a credit card balance, a car note. There’s another kind of debt too—accounts that have fallen behind. They’re called delinquencies; they can wreck a credit score and stick around for years.

How To Manage Student Loan Debt

Sep 21, 2016
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The average American college student will graduate with more than $35,000 in student loan debt.

Lara Solt / KERA news special contributor

Some people borrow $200,000 for law school—others, $10,000 for a bachelor’s degree they never finish.

One Lewisville musician is somewhere in between. She has two undergraduate degreees. One’s paid off, one isn’t anywhere close. KERA's series One Crisis Away: Drowning In Debt zooms in on America's trillion dollar problem: student loans.

Lara Solt / KERA news special contributor

Debt isn’t something limited to folks with low paying jobs. The typical Texan carries nearly $4,700 in credit card debt. Here’s the thing: That balance tends to increase as income goes up.

Lara Solt / KERA news special contributor

For many Texans, the economy is booming—plenty of jobs that pay well and a low unemployment rate.

For many working families, though, there’s a monster in the closet: debt. It looks different in every house and gets tougher to control as each day passes.

KERA's new series One Crisis Away: Drowning In Debt chronicles North Texans scrambling to stay on top of their personal mountain of “money owed.”