Could Student Loan Payments Derail Your Retirement Plans?

A new survey reveals millions of student loan borrowers fear resuming payments will disrupt their ability to save for retirement.

student loan debt worries
(Image credit: Getty Images)

The long, unexpected holiday is finally over for student loan borrowers, as they prepare to start paying student loans again. A new survey of employees and employers from Nationwide Insurance reveals difficult financial tradeoffs beginning to emerge, with a huge number of Americans planning to limit their retirement saving to cover resumed loan payments.

Student loan payments resume, force hard choices

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Ben Demers
Audience Engagement Manager,

Ben Demers manages digital content and engagement at Kiplinger, informing readers through a range of personal finance articles, e-newsletters, social media, syndicated content, and videos. He is passionate about helping people lead their best lives through sound financial behavior, particularly saving money at home and avoiding scams and identity theft. Ben graduated with an M.P.S. from Georgetown University and a B.A. from Vassar College. He joined Kiplinger in May 2017.