Wall Street's message to Main Street: Don't worry, because the impact of the student-debt relief program on inflation will be small, and perhaps not even measurable.
has plenty of upsides for borrowers, critics are raising concerns the landmark initiative could hurt the economy by fanning the hottest U.S. inflation in 40 years.
But Wall Street economists think the impact will be tempered by student loan repayments restarting in January. And the average student debt load is about $36,000, which means that Biden's plan only covers a portion of the typical borrower's outstanding loans. Bank of America economists agreed, noting that resuming student loan repayments will offset the relief from loan forgiveness.
In sum, the commonsense view that the plan provides a direct benefit to borrowers is correct. It is helping many & not hurting any.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes – Emerging Markets Bitcoin NewsPaxful said it was hopeful that the Central African Republic would use 'bitcoin to set monetary policy to drive its economy forward.' monetarypolicy peertopeer remittance
Leer más »
Biden student loan forgiveness plan is not enough, some borrowers sayStudents with debt that totals $50,000 or $100,000 say President Biden's loan forgiveness plan isn't enough.
Leer más »
Student loan forgiveness: This is what officials, A-listers and average Americans are saying about the Biden administration effortSOUNDING OFF 📢: Student loan forgiveness: This is what officials, A-listers and average Americans are saying about the Biden administration effort - KPRC2 Texas studentloanforgiveness
Leer más »
How Will Student-Loan Forgiveness Work? Consumer Attorney Answers Your QuestionsThe Biden-Harris Student Debt Relief Plan is looking to forgive up to $20,000 in student loans for many borrowers.
Leer más »
Florida college students weigh in on Biden's student loan handoutFlorida college students react to the Biden administration's new student loan handout
Leer más »
Biden admin messaging on how $300B student loan handout will impact inflation is misleading, experts sayThe White House argues that restarting student loan payments in early 2023 will offset any inflationary effects from handing out $300 billion for outstanding loans.
Leer más »