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Underestimated threat to #consumerhealth: ~42m borrowers of #studentdebt in the US with $1.7t of debt outstanding. "~4m federal student loan borrowers with a payment due are seriously delinquent." 10m are at risk of default in next few months. https://t.co/b7A3o3Muuy https://t.co/FtzLTm63Fi
The student loan crisis is about to be a huge issue again with the collections pause ending. The whole situation is a bit of a disaster and is likely bearish for risk asset prices (stocks, crypto, real estate) and very bearish for young people generally. There is a very easy https://t.co/mfUjILWbNj
41% of Americans have said they’ve paid back their buy-now, pay-later loan late over the past year, though the vast majority have paid back the money in a week or less, per FORTUNE.
