PYMNTS.com September 18, 2023
As the October resumption of federal student loan repayments approaches, the financial strain of repaying these loans is expected to have a significant impact on millennials’ overall well-being, particularly on their mental health.
In the July “Consumer Inflation Sentiment Report: Back to School Means Back to Federal Loan Repayments” report, PYMNTS Intelligence draws on insights from a survey of more than 2,200 U.S. consumers to examine and analyze consumer sentiments on federal student loan repayment and inflation, and the impact it will have on their lives.
According to PYMNTS Intelligence, young borrowers worry less about inflation and more about paying back student loans. This is not surprising, as many individuals in this age group are still attending college or have...
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