Student loans coming due again is going to crash the economy. First slowly, as people start to reign in spending, then faster as they can no longer afford their mortgages and start defaulting, which leads to contractions on their lines of credit, compounding the cycle since they no longer have the capacity to afford or defer emergency expenditures.
Student loans coming due again is going to crash the economy. First slowly, as people start to reign in spending, then faster as they can no longer afford their mortgages and start defaulting, which leads to contractions on their lines of credit, compounding the cycle since they no longer have the capacity to afford or defer emergency expenditures.
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