Restart of Student Loan Payments Could Hurt Consumers

Politico: “A range of economists and Wall Street analysts are predicting that consumer spending could take a hit as payments return for the first time since the pandemic reprieve began more than three and a half years ago.”

“Millions of borrowers who are set to resume repaying were hoping to have their debts significantly reduced or eliminated completely by Biden’s student debt relief plan before it was struck down by the Supreme Court last month. That disappointment — and the financial sting of new payments — could undercut the president’s ability to convince voters that they’re doing better under his stewardship of the economy.”