Student Debt Threatens Consumer Spending

In the wake of a three-year pause on student loan repayments, a staggering 25 million Americans, who contribute significantly to the goods economy, are bracing for the reinstatement of an average monthly payment of $393 starting Q3. This looming financial obligation is expected to significantly curtail consumer spending, particularly in the physical goods sector, posing a substantial risk to the overall economy.

This is the biggest risk currently in the goods economy.

Student debt is the 2nd largest form of consumer debt in the US. 25M Americans were able to pause their $393 avg. payment/mo for the past 3 yrs. It resumes in Q3.

It is going to take consumer spending with it. This demo… https://t.co/C5ImwJq2m2

— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) May 29, 2023