Lori A. Trawinski, Ph.D., CFP®, CCDP/AP, is director of finance and employment at the AARP Public Policy Institute. Her areas of expertise include age diversity, equity, and inclusion in the workforce, consumer debt, financial planning, reverse mortgages, and foreclosures. Read herfull biography.
American families have been accumulating debt at a rapid pace over the past two decades, with the debt level nearly doubling. Yet family incomes have not kept pace. As a result, the long-term retirement security of many families is at risk.
Student loan debt was never meant to last a lifetime or become a threat to retirement security. Yet today, borrowers frequently wind up carrying it into retirement, long beyond their working years.
There’s good news for both observers of small-business trends and those interested in aging issues. Tracking entrepreneurship just got easier, and new data show that entrepreneurs age 55-plus are job creators.