"Student loan payment pause ending, leaving many borrowers unable to make payments"

The upcoming restart of student loan payments in the US is set to weaken the strong US consumer, as 34% of borrowers say they will not be able to make payments, according to a survey by Morgan Stanley. The restart of payments will negatively impact low-income households the most. Concerns over upcoming debt and mortgage payments have soared to the highest level since the survey began. As a result, discretionary spending categories could see the biggest decline if consumers need to tighten their belts, which could fuel recession fears.