Syracuse (WSYR-TV) - A recent analysis has led to some depressing news for current college students. Not only will they be paying off loans for years, it will take them even longer to retire.
The website Nerd Wallet
estimates that today’s college students will not be able to retire until they're 73-years-old.
That’s 12 years later than the current average retirement age of 61.
The website points to the debt load as the reason for the delayed retirements.
Most students are forced to spend their income repaying their loans, preventing them from saving for retirement.