2.2 million Americans aged 55+ have student loan debt, affecting their retirement.
2.2 million Americans aged 55+ have student loan debt, hindering their ability to retire comfortably, according to a report. Federal Reserve data supports this finding. Older debtors, including workers and the unemployed, face unique challenges due to loans taken years prior. The study suggests policies like forgiving student debt, easier debt repayment, and preventing Social Security benefit garnishment for loan repayment could help.
May 29, 2024
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