Latest / Markets with Megan: A Quick Financial Markets Update
027: Student Loan Repayment 07-28-23
Ever wondered what effect the return of federal student loan repayments could have on the economy? This episode of Markets with Megan Horneman, Chief Investment Officer for Verdance Capital Advisors, will make you sit up and take notice as she unpacks the potential ramifications of the resumption of these payments. You'll be engrossed as Megan explains how this could potentially expedite a reduction in consumer spending power, with an estimated $205 billion less to be spent each year, equating to roughly 0.75% of nominal GDP.
As Megan delves into what the fourth quarter may hold, we're left…
The skinny
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