MoneyTips As retirement approaches, you should be making the most out of catch-up contributions in your 401(k) or IRA and socking away as much of your money as possible to prepare for retirement. Regrettably, too many older Americans are unable to save well – or reside outside of poverty – due to the burden of student loans. A 2017 report by the Consumer Financial Protection Bureau (CFPB) discovered that Americans aged sixty and older were the in-state student loan demographic, with nearly 2.8 million holding a minumum of one student loan. A newly published supplemental CFPB report shows that the growth in pupil loan holders is distributed across the entire nation.
source http://www.nwsuburban-bankruptcy.com/mature-americans-and-student-debt/
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