07/17/2023: Cold War II: Europe's Growing Mistrust of Beijing
The Wright Report
00:00
The Impact of the Student Loan Crisis on the Economy
As 37 million people redirect their income for debt repayment, that means that our economy will obviously have less spending. Companies are going to have to produce less because there are fewer dollars out there trying to buy goods and services. The question is how much slower will the economy get once these borrowers stop spending their extra cash that's a local store or restaurant? Right now, we don't know the ultimate answer to that, but it is worth watching.
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