Tag: debt

Stack of report paper documents with magnifying glass.

For the average older worker who loses his job, his income a decade later is 15 percent lower than if he had escaped the layoff. It gets worse: His pension wealth is worth 20 percent less, and his financial assets are 30 percent smaller. The enormous financial hit delivered to older workers who experienced a…

Photo: struggling to pay bills

This recent Huffington Post headline captured the march of shocking data about our growing societal burden: “12 Student Loan Debt Numbers That Will Blow Your Mind.” Here’s a sample: The student debt balance has hit $1 trillion and is still rising –  it is now exceeded only by mortgage balances, according to the Federal Reserv…