Student Loan Debt and Aggregate Consumption Growth

Posted: 6 Jun 2018

See all articles by Laura Feiveson

Laura Feiveson

Board of Governors of the Federal Reserve System

Alvaro Mezza

Board of Governors of the Federal Reserve System

Kamila Sommer

Board of Governors of the Federal Reserve System

Date Written: February 21, 2018

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.

Suggested Citation

Feiveson, Laura and Mezza, Alvaro and Sommer, Kamila, Student Loan Debt and Aggregate Consumption Growth (February 21, 2018). FEDS Notes No. 2018-02-21, Available at SSRN: https://ssrn.com/abstract=3703955 or http://dx.doi.org/10.17016/2380-7172.2127

Laura Feiveson (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Alvaro Mezza

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Kamila Sommer

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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