Social Security Report

Retirement and Student Debt

Student debt is quickly surpassing all other forms of debt in the U.S. to become the largest source of debt among Americans. This is not only a problem among young adults, but across all generations including baby boomers. More and more people are entering in to retirement with significant student loan debts not realizing that it could affect their benefits in a big way. Federal student loan debts are among the loans that can be garnished from your social security checks. This, in turn, will change your overall standard of living in retirement if you are not prepared or are unable to pay off your loan. For more information on this subject, visit this article with Investment News.

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