Do young adults with student debt save less for retirement?

Rutledge, Matthew S., Geoffrey T. Sanzenbacher, and Francis M. Vitagliano. “Do young adults with student debt save less for retirement?”. Issue in Brief 18-13, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2018. http://hdl.handle.net/2345/bc-ir:108128.
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Abstract

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.

Title
Do young adults with student debt save less for retirement?
Author
Rutledge, Matthew S.
Sanzenbacher, Geoffrey T.
Vitagliano, Francis M.
Center
Center for Retirement Research
Genre
report
Date Issued
June 2018
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
18-13
Persistent Link
http://hdl.handle.net/2345/bc-ir:108128
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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