Not Even Age Saves You From Student Loans

Karl L Hughes
Jan 8, 2017 · 1 min read

With social security being an increasingly poor way to fund retirement, now older Americans have student loan debt — mostly for their children and grandchildren — to contend with.

The number of consumers age 60 and older with student loans quadrupled to 2.8 million in 2015 from 700,000 in 2005…the average amount they owed nearly doubled over that decade, to $23,500 from $12,100.

What I’m reading

Technology team builder, software engineer, and startup enthusiast. CTO at @GraideNetwork and helping technology speakers succeed at @cfp_land.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade