Moody's Talks - Inside Economics Stat's All, Folks!
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May 23, 2025 Adam Kamins, Senior Director and Head of Regional Economics at Moody's Analytics, and Justin Begley, an Economist at the same institution, explore an array of engaging topics. They delve into rising student loan delinquencies and their economic consequences, alongside evolving international travel patterns post-pandemic. The pair also tackle housing challenges faced by older generations and share lighthearted statistics from a fun game involving labor market dynamics. The conversation culminates in a hopeful look at consumer confidence and positive trends, leaving listeners with an upbeat perspective.
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High Student Loan Delinquencies
- Student loan delinquency rate reached its highest ever level at 12.1% in April 2024.
- Median age of delinquent borrowers is around 40, indicating borrowers with other debts are impacted.
Student Loan Delinquencies' Economic Impact
- Student loan delinquencies likely reduce GDP growth by about 0.1 to 0.15 percent in 2025.
- The economic impact comes mainly from borrowers adjusting finances due to new repayment and garnishment enforcement.
Drop in Foreign Visitors to US
- Foreign visitors to the US decreased 2.49% year-over-year from Jan-Apr 2025 compared to 2024.
- This decline is partly due to trade tensions and boycotts, notably from Canada and Europe.