Student debt is weighing strongly on the minds (and bank accounts) of many Americans. Data suggest that borrowing for college benefits the U.S. economy overall by improving access to education and increasing students’ lifetime earning potential, but it may also cause young adults to delay important milestones like getting married or buying a home. Student debt is unlikely to trigger an economic or financial crisis, but individual borrowers will be especially vulnerable during a recession.

Related Documents: Key Insight – United States: Macroeconomic Effects of Rising Student Debt