Business
Retirees Have More Education Debt than Ever
Hadley Malcolm, USA TODAY
(USA Today) — Retirees are bringing unprecedented levels of student loan debt into their later years, according to a new report that shows Baby Boomers may be woefully unprepared for retirement.
The result of helping their kids or grandkids pay for college, those ages 65-74 have nearly six times the amount of education debt now than they did two and a half decades ago, when they had almost none, according to an analysis of government data by LIMRA Secure Retirement Institute. The burden is leaving them vulnerable to financial hardship because they have less available for saving or covering unexpected expenses, LIMRA data show.
For retirees in this age group, education debt has grown from less than 1% in 1989 to 15% of the overall “installment” debt they have in retirement. LIMRA analyzed data from the government’s triennial Survey of Consumer Finances; the most recent one, out last fall, pertains to 2013.
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Activism
Oakland Post: Week of November 13 – 19, 2024
The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024
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LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST
Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
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Oakland Post: Week of November 6 – 12, 2024
The printed Weekly Edition of the Oakland Post: Week of November 6 – 12, 2024
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