Retirement at Risk: Social Security Benefits Threatened by Student Loan Debt
Boston, Massachusetts – Democratic lawmakers are raising concerns over the impact of student loan debt on older Americans’ Social Security benefits. A recent letter from Sen. Elizabeth Warren of Massachusetts and Sen. Ron Wyden of Oregon to the Biden administration warned that millions of older adults could see a reduction in their Social Security benefits due to delinquent student loans. The lawmakers highlighted that borrowers in collections could face an average annual reduction of $2,500 …