Gigliola@gigliola

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Student loans stealing retirement savings

Student loan debt is staggering. 45 million Americans owe a combined $1.8 trillion,more than the entire economy of Mexico. According to a Fidelity study, people over 50 carrying student debt have 30% less saved for retirement compared to those without it. And it's not because they're bad with money; every dollar that goes toward loan payments is a dollar that never gets invested or saved for the future.

4mo

Gigliola@gigliola

Follow

Student loans stealing retirement savings

Student loan debt is staggering. 45 million Americans owe a combined $1.8 trillion,more than the entire economy of Mexico. According to a Fidelity study, people over 50 carrying student debt have 30% less saved for retirement compared to those without it. And it's not because they're bad with money; every dollar that goes toward loan payments is a dollar that never gets invested or saved for the future.

4mo