Student loan repayments will hit economy; how hard depends on who's being hit

ASU expert estimates the average individual annual student loan repayment in Arizona to be $6,000.

In this story published Aug. 18, 2023, in the Phoenix Business Journal:

Younger consumers with smaller annual income will have to make some hard decisions about their spending, but overall the economy will continue along the normal business cycle.

– Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center