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.
More evidence that the stock market IS NOT the economy.
Regime propaganda
Ok...
Right. We believe you clowns.
BidenBankruptAmerica
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