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Student Debt and Retirement Security – A Growing Concern?
Student debt has ballooned 600% in the past twelve years, negatively impacting the long-range retirement plans of younger families. The impact is felt in both savings capabilities and delayed home ownership, reports a study performed by Center for Retirement Research at Boston College. Their report, “Will The Explosion Of Student Debt Widen The Retirement Security Gap?” sheds light on just how serious the enormous student debt situation is, and assesses its impact on post-retirement living standards. A post by Think Advisor presents the study and discusses its conclusions. Check it out here…