June 8, 2023
Breaking Student Loan Payment Update
We talk about the potential economic effects of student loan payments with Joe Reinke aka FIXBUX.
With an estimated 18 billion dollars a month being taken out of the economy due to student loan payments, economists and stock market experts are bracing for a recession.
They believe that we are already in a recession, even though it may not feel like it. This could lead to a decrease in the stock market at the end of the year.
However, politicians may use this as an opportunity to blame the recession on student loan payments, when in reality it was going to happen anyways due to rising interest rates and unaffordable homes.