The Retirement Plan Company (TRPC)/an ABG firm
Creative Pension Consultants, Inc.
Nova 401(k) Associates
Atlantic Pension Services Inc
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
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|Surprising Findings on 401(k) Participant Student Loan Debt|
Oct. 15, 2021
"Nearly one-in-three Baby Boomer and Gen-X 401k plan participants who have student loan debt also have outstanding 401k loans -- a much higher percentage than Millennials or Gen Z participants.... The research also shows Gen-Z joining the ranks of workers increasingly burdened by debt, entering adulthood with $27,900 in student debt on average. But notably, Boomers hold more than twice as much debt as these younger borrowers."
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