Term: retirement
2 found

7 Key Money Lessons for 20-Somethings

By Steven Shaw on 7/10/2013

money lessons twentysomethings

It’s a hard time to be a 20-something. The world has concocted a troubling cocktail of economic trends and turned them loose against today’s young people one after another, almost as if to say, “How will you respond to this?”

Emergency Fund
personal finance
retirement
student debt
student loans
students

3 Ways Student Loan Debt Can Wreck Your Retirement

By Steven Shaw on 4/9/2013

3 Ways Student Loan Debt Can Wreck Your Retirement

It’s tough enough to deal with student loan debt you can’t pay when you’re a 20-something, but imagine dealing with it when you’re in your 60s or 70s. “This population often gets ignored because people hear the words ‘student loans’ and they think 20-year-olds,” says Persis Yu, a staff attorney with the National Consumer Law Center.

It’s a big — and growing  — problem. Americans age 60 and older owe roughly $43 billion in student loan debt and more than 10% are 90 days or more delinquent.

There are some unique challenges that older Americans, many of whom are partially or fully retired, face.

Debt
managing debt
retirement
student debt
student loan repayment
student loans
students