The clock is ticking for nearly 44 million Americans with outstanding student loans. Three in four said they will have trouble saving for retirement when payments resume next week, and the same number plan to cut back on spending.

"Many Americans are likely to feel increased pressure on their personal budgets once student loan payments resume," said Terri Fiedler, President of Retirement Services at Corebridge Financial. "Even with the new financial stress, borrowers can still take action to save for retirement, and a financial professional can help. Whether it's evaluating your monthly expenses to streamline charges or exploring student loan forgiveness, every dollar matters when it comes to saving for the retirement you want."

Women expect to be especially hard hit, a new Corebridge survey found. Six in 10 women said they do not expect to be able to afford making payments in October, compared to 39% of men. Women (5%) also were three times less likely than men (16%) to have put their disposable income from paused payments toward retirement, which only compounds the situation.