Money

New research released today from the Association of Young Americans (AYA) and AARP show student loan debt preventing Americans across three generations from saving for retirement or buying a home. As many students begin their academic year, nearly half of those with student loan debt say they owe more than $30,000. According to the Federal Reserve Bank of New York, borrowers have over $1.4 trillion in student loan debt. The new research specifically shows that of those who have student debt, 45 percent of Millennials, 48 percent of Generation Xers, and 50 percent of Boomers owe $30,000 or more.

By Cynthia Pasquale

Por Cynthia Pasquale

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AARP believes Americans are faced with a crisis in achieving adequate and secure retirement income, and SB-200, as written, is not the answer for the Public Employee’s Retirement Association.

Now through April 17, AARP Foundation is providing free tax assistance and preparation through its Tax-Aide program. AARP Foundation Tax-Aide, celebrating its 50 th year, is the nation’s largest free tax assistance and preparation service. Since its inception, the program has served more than 50 million taxpayers.