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

[Yo_Mama_Been_Loggin]

There’s a significant wrinkle in retirement plans for around 3 million older Americans: Student loan debt.

The average baby boomer (aged 62 to 80 years old) owes $42,780 in federal student loans, according to a recent study from the Education Data Initiative.

One older borrower, Robert Lee, 71, of Auburn, Maine, still owes $51,000 of the $66,000 in student loans he took out 29 years ago for his kids’ education, the Wall Street Journal reported Tuesday.

“I feel like Jimmy Stewart in the movie ‘It’s a Wonderful Life.’ I’m worth more dead than I am alive,” Lee told the Journal.

https://www.msn.com/en-us/money/careersandeducation/some-60-year-old-americans-can-t-retire-because-of-student-loan-debt/ar-AA26SWq3

[no_hypocrisy]

1. Comic Andy Huggin uses that in his act.

I’ll post the video later.

[dalton99a]

2. Kick

[Stacey Grove]

3. I will be eternally grateful to President Joe Biden

for zeroing out my student loans.

[MichMan]

4. Why aren't his kids paying it off instead of leaving him stuck with the bill?