FACT OF THE WEEK
Over 6 million adults age 50-64 hold student loan debt
Among older adults holding Federal student loan debt in 2015, there were about "6.3 million borrowers age 50 to 64 and 870,000 borrowers age 65 and older. Since fiscal year 2005, these figures represented an increase in the number of borrowers in the age 50 to 64 and 65 and older groups of 119% and 385%, respectively," according to a 2016 analysis of Department of Education data.
||Government Accountability Office. (2016). Social security offsets: improvements to program design could better assist older student loan borrowers with obtaining permitted relief. (GAO No. 17-45). Washington DC: United States Government Accountability Office. Retrieved from this source.
||For more on this topic, see Snapshot of older consumers and student loan debt. (2017). Washington, DC: Consumer Financial Protection Bureau. Retrieved from this source.
23 January 2017
6 in 10 retirees cite employer incentives as key to their decision to retire
16 January 2017
About 1 in 5 service workers participate in defined contribution retirement plans
09 January 2017
75% of men and 66% of women aged 55-61 were in the labor force in 2015
02 January 2017
Almost 7 in 10 baby boomers plan to work past age 65