Tag: retirement age
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: Job-changers over age 50 increasingly end up in “old-person” jobs, with a high share of older hires relative to prime-age hires. These basic findings hold by gender and by education. However, the overall outlook has improved since the late 1990s for all groups, particularly for older women with more education…
