MoneyTips As retirement approaches, you ought to be making the most out of catch-up contributions in your 401(k) or IRA and socking away as much of your cash as you can to get ready for retirement. Unfortunately, too many older Americans are unable to save – or live during retirement out of poverty – due to the burden of student loans. A 2017 report from the Consumer Financial Protection Bureau (CFPB) found that Americans aged sixty and older had been the for-profit student loan market, with almost 2.8 million holding a minumum of one student loan. A recently published supplemental CFPB report proves that the increase in older student loan holders will be spread across the entire nation.
source http://www.nwsuburban-bankruptcy.com/elderly-americans-and-student-debt/
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