Jack Wallace, Director of Government and Lender Relations at Yrefy, said the financial picture for American consumers is concerning.

“The American consumer is not in good shape today,” Wallace said. “We have over 1.8 trillion in student loans. Auto debt is over 1.5 trillion. Credit card debt is back up. It’s up to 1.3 trillion.”

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The regime is probably gonna try to garnish wages. Which, you know, go ahead I guess…? Because that would be a great way to concretely turn an entire generation fully against you. Not even the weird segment of conservative zoomers would put up with that.

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  • 5 comments in c/usa@lemmy.ml view that post
    [–] 11 points 2 months ago

    Remember when Biden tried to forgive student loan debt entirely which was then overturned by the courts, tried to make adjustments and was again overturned by the courts, wash rinse repeat.

    Pepperidge farm remembers.

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  • [–] 6 points 2 months ago (3 children)

    Kids, don't pay back those loans. The government will bail out the universities just like they did with the banks and car companies. They will have no choice.

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