Finance and Financial Management Commons^™

Millennials' Retirement Struggle: The Interaction Between Student Loans, Financial Decisions, And Financial Literacy., Rebecca Michaud

Honors Projects in Finance

As millennials grow older and begin their careers in the workforce, saving for retirement begins to become an important part of spending. This paper analyzes a variety of factors and challenges that impact an individual’s retirement savings. This thesis ultimately looks to determine whether the driving force for the general inadequacy of retirement savings is student loan debt, financial decision making, or both. Through both research and survey responses, this thesis will also look at whether a public policy that removes a certain percentage of student loan repayment obligations will have any impact on the amount that young workers are …