Student loan payments expected to pull billions of dollars out of local economy
Median income families will put roughly 8% of their paychecks towards monthly student loan repayments, says ASU expert.
In this story published Aug. 14, 2023, on ABC15:
Younger consumers with smaller annual income will have to make some hard decisions about their spending, but overall the economy will continue along the normal business cycle.
– Lee McPheters, director of the JPMorgan Chase Economic Outlook Center and L. William Seidman Research Institute research professor
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