A study published in 2018 examined what would happen if the United States forgave student-loan debt.
Warren also shared, which found that the plan would have"a substantial impact on student debt forgiveness and would greatly benefit households with the least ability to repay" and those for whom higher education was not a major benefit, as well as help lessen the racial wealth gap.
Bivens said that the overall effect, however, would depend on employment numbers and whether the Federal Reserve raises interest rates in response to more spending.
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