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Two-thirds of employees say student loan repayments will derail ... - Nationwide Newsroom

Columbus, OH – Today, employees face myriad challenges that impact their long-term financial planning, with the timeliest one being the resumption of student loan payments in October. While many assume younger employees are impacted the most, a new survey by the Nationwide Retirement Institute® finds that even seasoned employees are experiencing significant financial pressures due to the resumption of payments. Over one in 10 (12%) employees ages 45+ currently have student loan debt and most of these individuals (61%) agree the reinstatement of student loan payments has negatively impacted their financial stability and long-term planning. Another two-thirds (66%) agree repayments will significantly affect their ability to save for retirement.

news.nationwide.com     Sep 27, 2023