Bear Ribs
Well-known member
Student loan payments are starting again. How will it affect the economy?
With a three-year pause set to end next month, experts are divided on whether the economy resuming loan payments will hamper growth or put the economy back on a more sustainable trajectory.
news.yahoo.com
So for three years, nobody has had to make a student loan payment. Biden's attempt at loan forgiveness failed. Now, it's about to resume and several hundred dollars a month are going to start vanishing from the budgets of around 20% of Americans, mostly the younger and, often, poorer demographics. Pessimists think this may finally cause the recession we've avoided so far by redefining the term "Recession" to avoid admitting it. Optimists think it might not hurt too badly.
Nobody thinks this isn't going to hose the already-fragile economy, though.