The upcoming restart of student loan payments shouldn't drag down the economy, according to Ned Davis Research.
About 46 million holders of $1.77 trillion in student loan debt are expected to resume payments in October for the first time since March 2020.
Don't expect the upcoming restart of student loan payments to drag down the US economy, according to Ned Davis Research.
Student loan payments are expected to restart in October for the first time since the start of the pandemic in March 2020.
And excess consumer savings could more than cover the upcoming resumption of student loan payments, according to NDR.
Persons:
Ned Davis, Dimitrova
Organizations:
Ned Davis Research, NDR, Federal Reserve, Dimitrova