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2025 Annual Conference

April 15–17, 2025

Omni William Penn, Pittsburgh, PA, USA

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

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P203 Does student loan repayment reduce retirement savings?

Wednesday, April 16, 2025 at 5:15 PM–6:15 PM CDT
Room 5 Posters
Short Description

Student loan debt has become a significant burden for many households and policymakers in America. According to Schulz (2024) Americans owed $1.74 trillion dollars further stating that approximately 51% of Bachelor degree holders had student loan debt with an average of about $29,400 owed.

 

Retirement savings which is an important decision that needs to be made in preparation for life after work is postponed or inadequately funded in the presence of budget constraints and debt obligations. This paper investigates the impact financial knowledge has as a moderating factor in retirement savings for working graduates paying off their student loans.

 

Dataset:

Survey of Household Economic Decision-making 2022.

Type of presentation

Accepted Poster Presentation

Submitter

Theophilus Amanfo, Texas Tech University

Authors

Theophilus Amanfo, Texas Tech University
Ohireime Ojeomogha, Texas Tech University
Stuart Heckman, Texas Tech University
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