6/15/2015 – Retirement plans increasingly hampered by student loan debt (CBS Moneywatch)

Jun 15, 2015 Comments Off by

Most Americans are not saving enough for retirement. Now it seems many aren’t even clearing out debt before their golden years. A new study by LIMRA Secure Retirement Institute shows retirees are bringing unprecedented levels of student loan debt into their later years. The research showed student loans made up only 4 percent of debt for pre-retirees in 1989. However, in 2013 student loans now account for 30 percent of pre-retiree debt. The same is true among retirees, where education loans made up less than 1 percent in 1989, but now totals 15 percent.

Read the full article in CBS Moneywatch.

Financial Landing 2015

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