3 ms·
The program does more than just knock 10k off their debts. It changes how interest and minimum repayments work, in a way that will, for many people, drastically
by danaris 4y ago
The program does more than just knock 10k off their debts. It changes how interest and minimum repayments work, in a way that will, for many people, drastically reduce their monthly payments.
That's definitely enough to affect consumer behavior.
- madrox 4y agoThat's a detail I didn't know about. I guess it will remain to be seen. I still assert it won't stimulate the economy unless debts are completely repaid, but I am open to being wrong.