By: Suzanne Woolley, Sarah Foster
Finding the cash flow to save for retirement is especially difficult for younger, lower-earning workers. While around 20% of 401(k) participants ages 25 to 69 have student loan debt, the share rises to 35.7% for those ages 25 to 29, according to EBRI data. Among younger workers with such debt, 75.5% participated in a defined contribution plan when eligible, versus more than 84% of their debt free peers.