Student loan repayments will hit economy; how hard depends on who's being hit
ASU expert estimates the average individual annual student loan repayment in Arizona to be $6,000.
In this story published Aug. 18, 2023, in the Phoenix Business Journal:
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, research professor of economics and director of the JPMorgan Chase Economic Outlook Center
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