Recent reports indicate that financial stress among Americans is on the rise, with low-income borrowers increasingly missing payments on auto loans and credit cards. The New York Fed highlighted these challenges, noting that many have also missed the opportunity to secure ultra-low mortgage rates. Additionally, since the restart of student loan payments in October, more than half of Americans have failed to pay their student loan bills, citing unaffordability as the main reason. This trend is accompanied by a decline in college enrollment, as potential students weigh the return on investment of higher education.
More than half of Americans who’ve failed to pay student-loan bills since the October restart say the main reason was that payments were unaffordable https://t.co/THp8atrcVW
With or without loan forgiveness, fewer students are enrolling in college, questioning the return on investment https://t.co/3Hc6NNYltZ
Most Americans who failed to pay student loans say they can’t afford to keep up https://t.co/rXMdgc64Ei
More than half of Americans who’ve failed to pay student-loan bills since the October restart said the main reason was that payments were unaffordable, according to new research https://t.co/hw0buW5Wyt
THESE AMERICANS ARE STRUGGLING TO PAY THEIR BILLS ON TIME, NEW YORK FED SAYS: ‘FINANCIAL STRESS APPEARS TO HAVE RISEN.’ (MSN) Low-income borrowers are increasingly missing payments on their auto loans and credit cards, and missed the boat on ultra-low mortgage rates, according… https://t.co/TbQv7MEd76