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How much impact will student loan repayments have on US

Starting on September 1, interest will once again begin to accrue on the $1.78 trillion in US student loans outstanding. Starting in October, payments will begin again.Bernstein is out with a good analysis of the numbers and highlights that about 17% of US adults hold student debt with an average of $39,000 per borrower. Those aged 35-60 have the largest balances and I suspect that cohort has little in the way of excess savings.The way Bernstein sees it, the average is $34 per month per capita,... Read More

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Posted: Aug 17 2023, 19:37

Author Name: forexlive

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