"Student Loan Repayment Resumes: How to Prepare and Ease Financial Stress"

A survey conducted by Morgan Stanley found that 34% of US consumers will not be able to make student loan payments when they restart in October, while 37% will need to cut spending in other areas. This could negatively impact low-income households the most and lead to a decline in discretionary spending categories such as consumer electronics, toys, home appliances, food away from home, and leisure/entertainment. The majority of consumers surveyed (61%) said they are likely to cut back on spending over the next six months, which could fuel recession fears.