LIMRA Secure Retirement Institute: $30,000 in student loan debt could mean $325,000 in lost retirement savings
New findings from LIMRA Secure Retirement Institute reveal that Millennials who begin their careers with $30,000 in student loan debt may find themselves with $325,000 less at retirement compared to their debt free peers.
LIMRA Secure Retirement Institute finds consumers attitudes towards being in debt, even so called “good” debt, is negative during retirement.
LIMRA Secure Retirement Institute Study Finds Student Loan Debt a Growing Concern for Retirement Saving
WINDSOR, Conn., May 28, 2015—A new LIMRA Secure Retirement Institute study found that pre retirees (55 64) and retirees (65 74) are carrying unprecedented amounts of student loan debt.
A new LIMRA Secure Retirement Institute survey found the top financial priority for 54 percent American household is to save more money. Other financial priorities include paying down debt, creating a long term financial plan and building better spending habits.
How are student loans affecting Americans’ retirement prospects?
9 in 10 workers rank health care and retirement as the most important workplace benefits.
Less Than a Third of Employers With Defined Contribution Plans Surveyed Say They Are Very Likely to Switch to a State-run Retirement Savings Plan Offered in Their State
A recent LIMRA Secure Retirement Institute study finds 30 percent of employers who offer a defined contribution (DC) plan say they are very likely to stop offering their defined contribution plan and have their employees enroll in a state-run retirement savings plan.