Reply
Community Manager
Community Manager

Rising Student Loan Debt Prevents Saving, Buying a Home

New research released from AARP and the Association of Young Americans shows student loan debt preventing Americans across three generations from saving for retirement or buying a home. Of those who have student debt, 45 percent of millennials, 48 percent of generation Xers, and 50 percent of boomers owe $30,000 or more.

How have you or your loved ones coped with student loan debt? Share your ideas and lessons learned by posting below.

 

Sign up for the Money newsletter for simple ways to save, updates on Social Security and more!

 

0 Kudos
1,993 Views
1
Report
Honored Social Butterfly

Lynne, There is another side to this issue. Parents and Grandparents can help students attend college. Students can work while in college. There is the lottery. I know this doesn't eliminate the problem for all students, but I work for a company that pays well. I have seen students come to work at this company who have student debt. They could pay the debt, but instead, as soon as the information comes for the withholding for the debt, guess what?,, They run. They seem to not understand that they received something for this debt and we seem to be a society that is teaching them that you can run from what you owe. In the case of my son, I borrowed from my 401K for his education and he worked part time. Where there is a will, there is a way.
0 Kudos
1,975 Views
0
Report
cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
Users
Announcements

"I downloaded AARP Perks to assist in staying connected and never missing out on a discount!" -LeeshaD341679

AARP Perks

Test Your Knowledge, Score Big. New Game Each Day!

AARP's new Right Again! Trivia game - part trivia, part puzzle, all fun! Special opportunities for AARP Members and Rewards participants. Play Now.

AARP Right Again! Trivia

AARP Rewards

Sync your smartphone or favorite tracker with AARP Rewards to earn points for hitting steps, swimming and cycling milestones Sync Now.

AARP Rewards Badge

Music and Brain Health

From soft jazz to hard rock - discover music's mental, social and physical benefits. Learn more.

Music and Brain Health