Discussion Paper
Student Loan Debt and Aggregate Consumption Growth
Abstract: Although student debt service is undoubtedly a source of severe financial strain for some individuals, in this discussion we show that the direct effect of increased student debt service on aggregate consumption growth is likely small.
https://doi.org/10.17016/2380-7172.2127
Access Documents
File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/student-loan-debt-and-aggregate-consumption-growth-20180221.htm
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2018-02-21
Number: 2018-02-21
Note: This note was revised on March 1, 2018 to add clarification to Figure 2.