From Bipartisan Policy Center
By Upamanyu Lahiri
Lost in Trump’s hue and cry with the Fed over interest rates are their effects on the one in four adults under 40 with student debt. This clear analysis walks through the impacts of soaring 10-year Treasury yields that have sharply increased borrowing costs. Facing higher monthly repayments in the near-term, many borrowers delay such long-term wealth-building as retirement savings and homeownership. If not addressed, America’s worsening fiscal trajectory will keep Treasury yields elevated and continue to hit student borrowers hard. Read this article
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