Consumer Spending and Student Loans

39640As you learned in this module, aggregate demand is made up of C+I+G+NX and the C which is consumption by consumers is the major component. Almost 70% of aggregate demand in the US comes from “C”. In order for people to spend, they need income and also they need to minimize debt. As you may know, there is a very large amount of student loan debt in our economy since higher education is expensive.

With this in mind, please look over the data on student loans on the Federal Reserve’s website:(https://www.federalreserve.gov/publications/2022-economic-well-being-of-us-households-in-2021-student-loans.htm) and then please respond to the following questions:

Are you concerned about the amount of student loan debt? Why or why not?

Do you think that there should be student loan debt forgiveness of some sort? Why or why not?

Do you think a higher education degree is worth the cost? Why or why not?

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