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NewsForum Daily (Russian-American)July 2, 2026California

Three Million Older Americans Delayed from Retiring Due to Student Loan Debt

A recent study indicates that approximately 3 million older Americans are unable to retire because they are still paying off federal student loans. The average baby boomer between the ages of 62 and 80 currently owes over $42,000 in student debt.

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Read the full story at Forum Daily (Russian-American)

Why It Matters

This report highlights a financial barrier to retirement for millions of older Americans, impacting their ability to exit the workforce and manage long-term financial stability.

Key Facts

  • Approximately 3 million older Americans are currently unable to retire due to outstanding student loan debt.
  • The average federal student loan debt for baby boomers aged 62 to 80 is $42,780.
  • The data is based on a recent study conducted by the Education Data Initiative.

Who's Mentioned

organizationYahoo! Finance“The news outlet that reported on the study findings.”organizationEducation Data Initiative“The organization that conducted the research study on student loan debt.”personRobert Lee“A 71-year-old borrower cited as an example of an older American with student deb”