Americans not retiring due to student loans

There are More Older Americans in the Workforce
The traditional retirement age is no longer 65. According to the Bureau of Labor Statistics, the fastest-growing age segment in the workforce are Americans 65 years or older. The number of Americans over 65 that are not retiring increased nearly 35 percent between 2011 and 2016. 

Older Americans Can’t Afford to Retire
Many reports, including our own have shown that Americans are carrying larger student loan debts for longer periods of time. Carrying this type of debt hinders a person’s ability to adequately contribute to a long-term investment account and significantly delays retirement.

Including student loan assistance with your voluntary benefits is an excellent way to show your appreciation to all of your employees. Student loan benefits are affordable, easy to implement, and appeal to today’s workforce. Request a demo to learn how IonTuitition can become a part of your organization.