The Student Loan Debt Crisis Isn’t Just A Problem For Millennials. The student loan debt crisis has hit the baby boom generation. Roughly 4% of Americans between ages 65 to 74 carried federal student loan debt in 2010. This figure is up from 3% in 2004 according to a report by the Governmental Accountability Office (GAO).
After all, they are the ones impacted most directly by the ever-increasing burden of student loan payments. student loan debt is one of the biggest factors driving a growing trend of millennials struggling to transition into adulthood. But increasingly, student loan debt is also impacting baby boomers and threatening their retirement.
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Baby boomers and student debt – the problem no one is talking about. to get into the student loan repayment plan that best fits their needs and face hostile debt collection tactics among.
After all, they are the ones impacted most directly by the ever-increasing burden of student loan payments. Student loan debt is one of the biggest factors driving a growing trend of millennials struggling to transition into adulthood. But increasingly, student loan debt is also impacting baby boomers and threatening their retirement.
How student debt will cripple the American dream.. Too Cold 6,801,507 views.. Why baby boomers are unprepared for retirement – Duration:.
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This is part of the Globe and Mail’s week-long series on baby boomers and how their spending, investing, health and lifestyle decisions could affect Canada’s economy in the next 15 years.
PHILADELPHIA (CBS) – It’s been decades since college and still too many baby boomer are drowning in debt from a student loan. People 60 years and older are the fastest growing age group for.
Baby Boomers Are Ready to Retire; Their Debt Isn’t. and it would help ensure they don’t run out of money too soon. If you still carry debt and you have the option to delay retirement for one or. More Baby Boomers Are Drowning In Student Loan Debt-And No One Knows How Bad It Will Get It’s not just a millennial problem.
But there are ways to manage the debt, and for those still in the planning stages, there are key points to consider so college debt doesn’t compromise their retirement." Anable lists four steps baby-boomer parents should take if they are dealing with – or considering taking on – their kids’ student-loan debt: Attack the debt.