Student Loan Debt and Aggregate Consumption Growth

Laura Feiveson, Alvaro Mezza and Kamila Sommer
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Laura Feiveson: https://www.federalreserve.gov/econres/laura-j-feiveson.htm
Alvaro Mezza: https://www.federalreserve.gov/econres/alvaro-mezza.htm
Kamila Sommer: https://www.federalreserve.gov/econres/kamila-sommer.htm

No 2018-02-21, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

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.

Date: 2018-02-21
Note: This note was revised on March 1, 2018 to add clarification to Figure 2.
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2018-02-21

DOI: 10.17016/2380-7172.2127

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