This year, student debt in the U.S. has soared to $1.5 trillion, with women holding the majority.
Currently, we account for almost two-thirds of all student loan debt in the country. Last year, graduates left college with an average debt of $39,400, reflecting a 6% increase since 2016. What can we do to ease this financial burden for ourselves and our families? A significant solution is the 529 college savings plan.
Joining us is Abby Chao, co-founder and COO of CollegeBacker, to explain what these plans entail, how they function, and ways to engage your loved ones in the saving process.
In our Mailbag segment, we tackle questions about retirement planning during unemployment, suitable credit cards for young adults, and transitioning from joint accounts to separate ones. In Thrive, reporter Kathryn discusses the rise in workplace demotions and offers advice on managing that situation.
