As a group, older Americans’ debt burden continues climbing. In the 60–69 age group, total consumer debt—i.e., mortgages, loans, credit cards—is nearly $2.2 trillion, compared with $380 billion in 1999, according to the latest data from the Federal Reserve Bank of New York. Among those age 70 and older, it’s close to $1.2 trillion, up from $180 billion in 1999. At the same time, people in their 60s are typically transitioning to retirement and going on Social Security. Social Security promises guaranteed monthly income, except for those who have certain kinds of unpaid debt.