This news is about how young people can manage paying back student loans while also saving for retirement. It's tricky to do both, but it's important for your future!
- Pay off the most expensive debts first.
- Don't rush to pay off all student loans at once, especially if interest rates are low.
- It's good to pay down debt AND invest a little bit of money.
- Some companies match your student loan payments with retirement savings! Ask your HR department.
- A traditional investment rule is 100 minus your age = the percent of stocks you should own. But other things matter too!
| Topic | Fact/Number |
|---|---|
| Average yearly growth of the stock market (S&P 500) | ~10% |
| Current interest rate on some student loans | 6.53% |
