Student loan payments

-$16B per month net fiscal flow starting Aug 1st… more regressive fiscal policy on top of regressive interest rate policy… Brandon’s economic polls should take another hit…

Student loan repayments are about to start again on August 1st, after 3 years of being able to skip without penalty.

40 million people paying an average ~$393 per month each will be pulled from the economy in discretionary spending.

Should be interesting to see how this plays… pic.twitter.com/MLYSX72IC6

— Wall Street Silver (@WallStreetSilv) May 31, 2023

Already in the toilet:

Fox News Poll: Across the board, voters say economy getting worse for them https://t.co/AwjsaqF15k

— Fox News (@FoxNews) April 27, 2023

Will get worse with these payments being reinstated and more policy interest rate increases…