Tag: retirement income
The brief’s key findings are: Student debt among retirees is not currently large, but their debt-holding and delinquency rates have been rising rapidly. Retirees with delinquent loans can have part of their Social Security benefits withheld to pay the loans. Black households are more likely to hold student debt and to have delinquent loans. The study finds…
The withholding could be particularly serious for Black retirees. My colleagues, Gal Wettstein and Siyan Liu, just completed a study using the Federal Reserve’s Survey of Consumer Finances to explore how delinquent student loans could lead to the withholding of Social Security benefits, which could disproportionately harm disadvantaged groups. Gal and Siyan also looked at the potential impact of President Biden’s debt…
