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Source: Center for Retirement Research at Boston College
Resulting in 1 citation.
1. Rutledge, Matthew S.
Sanzenbacher, Geoffrey
Vitagliano, Francis M.
Do Young Adults with Student Debt Save Less for Retirement?
Issue in Brief 18-13, Center for Retirement Research at Boston College, June 2018.
Also: https://dlib.bc.edu/islandora/object/bc-ir:108128
Cohort(s): NLSY97
Publisher: Center for Retirement Research at Boston College
Keyword(s): College Graduates; Debt/Borrowing; Retirement; Savings; Student Loans

Permission to reprint the abstract has not been received from the publisher.

The brief's key findings are: (1) Student debt nearly tripled in real terms from 2005 to 2017, creating a financial burden that could potentially hamper retirement saving by young adults. (2) The analysis looked at the impact of student debt on 401(k) participation and assets for young workers who attended college, both graduates and non-graduates. (3) The results showed that student debt does not significantly affect 401(k) participation rates for either group. (4) However, student debt does seem to affect how much college graduates save: those with debt have only about half as much in assets by age 30 as those without debt.
Bibliography Citation
Rutledge, Matthew S., Geoffrey Sanzenbacher and Francis M. Vitagliano. "Do Young Adults with Student Debt Save Less for Retirement?" Issue in Brief 18-13, Center for Retirement Research at Boston College, June 2018.