Student loan debt is weighing on retirement savings.
And it’s hitting multiple generations—not only are millennials drowning in college debt, their parents signed on to help their kids with student loans, while some older workers are still paying off their own loans years later.
The lure of a college education cannot be denied, especially when one considers the statistics on what that diploma is worth. The White House pointed out in a recent blog post that “bachelor’s degree recipients [earn] $1 million more in their lifetime and associate’s degree recipients [earn] $360,000 more, compared to their high school counterparts.”
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