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Oct 23, 2018

If you want to retire your debt before you retire, be a man

A report states that debt grows and follows women through life.

by Erika Beras
The United States could simply make more money to pay its bills, said Stephanie Kelton, an economics professor at Stony Brook University. But taken to an extreme, that could lead to higher inflation.
The United States could simply make more money to pay its bills, said Stephanie Kelton, an economics professor at Stony Brook University. But taken to an extreme, that could lead to higher inflation.
Mark Wilson/Getty Images

Before most women start their work lives, they’re already in worse shape financially then men, and it usually gets worse, according to a report from the American Association of the University Women. That’s because women tend to take out bigger loans to finance education, accept lower starting salaries then men, and usually take more time off for family reasons. That’s how debt follows women through life, often growing along the way. 

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