Student loan debt

Biden's program will wipe out federal debt for millions of borrowers, freeing up cash to compound in long-term nest eggs over decades.

Financial advisors can achieve up to 10.25% annual return, betting on recent college graduates who don’t want to damage their credit.

Shifts in education, work and homeownership mean those born between 1980 and 1995 have more student loans but they also have about 25% more in financial assets than their parents did at their age.

The oldest borrowers hold the fastest-growing piece of the U.S.’s $1.7 trillion student-loan pile.

The new relief plan has something for many taxpayers, including retirees and the recently unemployed.

“Traditionally, 401(k)s generally have some really good investment options that you wouldn’t be able to do on your own,” an expert says.

The Social Security retirement rate is based on their highest 35 years of wage-indexed earnings.

“The advice I give is to calculate the financial impact for each option,” an expert says.

Failing to enroll in a health care plan and taking on a hefty student loan debt are just two of the most common blunders younger clients should avoid.

“Tackling student debt is vital today if we hope to set employees up for long-term financial success,” says Scott Whatley, president of E-Trade.