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Listen "32. Managing Student Debt and Retirement Savings: How to Overcome Financial Obstacles for a Secure Future"
Episode Synopsis
What does student loan debt have to do with retirement? Surprisingly, the age group closest to retirement carries the most student loan debt. According to Forbes, as of July 2023, Americans owed a total of $1.75 trillion in student loan debt, that’s an average of over $28,000 per borrower. However, those aged 62 and older carry the highest average balance of $49,375 per borrower. That’s over three times the average debt carried by those 24 and younger. So how can we overcome student debt and achieve a financially secure retirement? On this episode of The Wave Strength, Pacific Life’s Dr. Qi Sun and Destiny Lara discuss how we can manage student loan debt and plan for a secure future.
Catch it now on The Wave Strength and be sure to subscribe so you never miss an episode.
Catch it now on The Wave Strength and be sure to subscribe so you never miss an episode.
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