Tag: Early retirement
Abstract This paper examines the relationship between student loans and retirement saving by 30-year-old workers. Total outstanding student loan debt in the United States has quintupled since 2004. Rising student debt levels mean that young workers must reduce either their consumption or their saving. To what extent do these workers cut back on retirement saving? …
The brief’s key findings are: The ability to stay on the job long enough for a secure retirement may vary by socioeconomic status (SES). Using education for SES, the analysis calculates a retirement gap – the difference between how long households plan to work and how long they need to work. Not surprisingly, retirement gaps…
