Some 60-year-old Americans can’t retire because of student loan debt

https://www.independent.co.uk/us/money/retirement-student-loan-borrowers-baby-boomers-b3005858.html

69 points · 6 comments · view on lemmy.world

6 Comments

thesohoriots@lemmy.world · 13 pts · 55d

Have you tried walking in to the Department of Ed. and shaking the manager’s hand?

scops@reddthat.com · 3 pts · 55d

Your pull quote from the article is bullshit.

The average 62-year-old federal borrower owes $42,780 in federal educational debt, including Parent PLUS loans

Not the average baby boomer. If a 62-year-old has student loans, then they average $42.8k on their balance. Because they have probably given up on clearing that debt before they die.

Dryad@lemmy.world · 2 pts · 55d

Reminder of where we came from and how all this was avoidable save for deliberate right-wing nonsense: link

Origen@lemmy.world · 1 pts · 55d

Oh boo hoo. These the same boomers that have raised the retirement age to 67 for anyone born after 1960? So its a tragedy if they have to work past 60 but screw every one else? Sounds like them.

a_non_monotonic_function@lemmy.world · 1 pts · 55d

It sounds like they should have spent the decades voting smarter.

transscribe9468@literature.cafe · 1 pts · 55d

me in 30 years 🙃