Kathleen Wolf never dreamed of spending her retirement in Iowa.
The 68-year-old Californian had a change of heart after filing for Chapter 13 bankruptcy. Ms. Wolf was a millionaire whose fortune, built on buying and selling homes, collapsed in the financial crisis. Her bank balance fell to $15. She is not alone. The Journal points out that Americans age 65 to 74 hold more than five times the borrowed obligations Americans the same age held two decades ago! Steve and Sinclair have her story and plenty more on a power packed show!