Student Debt Reduces Lifetime Wealth

Student Debt Reduces Lifetime Wealth

Based on its projections, the indebted household will suffer a lifetime wealth loss of nearly $208,000, compared to “baseline” of the debt-free household. Nearly two-thirds of this loss ($134,000) comes from the lower retirement savings of the indebted household, while more than one-third ($70,000) comes from lower accumulated home equity; because of the two withdrawals from savings later in their lives, the liquid savings gap is just $4,000.

Read the full report: At What Cost? How Student Debt Reduces Lifetime Wealth.