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The Independent UK
The Independent UK
Business
J.R. Duren

Some 60-year-old Americans can’t retire because they still have student loan debt

America Robert Lee Social Security Baby Boomer

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.

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