Student Debt Threatens Consumer Spending

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.

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