Student loan payments expected to pull billions of dollars out of local economy
Median income families will put roughly 8% of their paychecks towards monthly student loan repayments, says ASU expert.
In this story published Aug. 14, 2023, on ABC15:
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, director of the JPMorgan Chase Economic Outlook Center and L. William Seidman Research Institute research professor
Latest news
- AI master's student Nora Mawashi sees future career through ethical use of technology
The Master of Science in Artificial Intelligence in Business (MS-AIB) from the W. P.
- Is it the right time to buy a car before tariff pricing kicks in?
The auto industry is encouraging customers to purchase cars now despite higher interest rates,…
- ASU celebrates new W. P. Carey Center for Real Estate and Finance
An expert discusses how the school's new center and undergraduate real estate degree will…