CBS: Millennials and the Student Loan Crisis
Due to rising rents and increasing student loan debt, the retirement age has been pushed to 75 for college graduates, according to a study out from NerdWallet. Compared to the current average retirement age of 62, today’s college graduates will work 13 years longer. And, with an average life expectancy of 84, they’ll spend only 9 years in retirement. Facing increased loans and high rents, millennials are having problems saving for their future.
Watch the full segment below and hear my advice to millennials facing the student loan crisis: