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.
Now is the ideal time for employers to consider acting in their workplaces to include age in their diversity, equity, and inclusion (DEI) strategies.
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.