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rahel, this is actually i m stoked you re doing this, because there is a macroeffect to this decision. it s not just about the politics or individual loans. there is an economic effect. no, there is a macro impact, a microimpact to real people. let s start with macro. the impact to the larger u.s. economy. so the sense is that this will likely not create a significant impact, but it will create an impact. greg bellier, a strategist who essentially looks at the intersection of wall street and main street. and he put it at about a $70 billion hit, annually, to the u.s. economy. he said, it is obviously a headwind. mark zandi, the chief economist of moody s, he looked at gdp and said it s about the equivalent of shaving off a quarter of 1%. so not necessarily significant. that said, if it s your budget, probably feels a bit different. right? wells fargo put it this way, it s a big deal for affected households. not so much less so for broader consumer spending. the average student loan

Rahel solomonMacro impactReal peopleGreg bellierUnited statesMain streetWall streetMark zandiMoody s70 billion0 billionConsumer spendingStudent loan paymentWells fargo