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The dangers of student debt in retirement
A growing number of seniors are entering retirement loaded with debt and it’s not necessarily the kind of debt you imagined: student loan debt. According to the Consumer Financial Protection Bureau (CFPB), the number of older borrowers with student debt has quadrupled over the past decade. The average senior with educational debt is now $40,096 and the CFPB claims that adults 60 and older are now the fastest-growing age segment within the student loan market. Read article here…
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