Joe Pinsker
speaker
1,247 appearances
30 recordings
1 series
first heard Oct 2022
last heard Jan 2025
Joe Pinsker’s voice in public audio — every appearance, attributed to the second.
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Appearances
A monthly payment of hundreds of dollars can really add up over the course of three years.
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And for a lot of people, that really made a big difference.
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some also took the payment pause, which was, of course, also a pause on the accumulation of interest, as an opportunity to pay down their student debt.
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Because this payment pause has gone on from the spring of 2020 to now, we've now seen several college classes graduate into a world where they don't have to make payments yet.
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A trade association called the Student Loan Servicing Alliance, their estimate was that 7 million people have either graduated or left school and haven't had to make a payment.
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You know, some of those first years out of college can be when people have the most difficulty financially.
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And many of those people, some of whom I talked to, are grateful to have had a little extra breathing room over the past couple of years.
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And in the fall, the idea of giving up that breathing room in their budgets is pretty concerning.
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Having to make a debt payment every month we know from existing research can make a big difference in people's ability to reach certain financial milestones like buying a home or saving for retirement.
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And as I've reported on before, this is especially crucial when people are young and making important decisions that will set them on certain life trajectories, whether it's
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about what career they pursue or whether they take a risk and start a business or where they live or whether they buy a house.
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These are important years during which people's trajectories are in some ways set.
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And whether they hold debt or not at that age ends up being really consequential.
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I think in some ways it plays with our sense of time.
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People are really used to the idea of prices rising pretty gradually.
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And so there's a real whiplash associated with seeing them rise so quickly.
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Yeah, thank you for having me.
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Yeah, so if you look back at the last couple years, prices have, and this probably won't be news to people, been rising at much faster rates than people are accustomed to.
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In January, if you looked at the Consumer Price Index, that was up 6.4% from a year earlier, which is a slightly lower rate than the very high peak that it hit of 9.1% last summer in June 2022.
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So, yes, inflation has been slowing a bit, but this doesn't mean that prices are coming down.
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Showing 961–980 of 1,247 · page 49 of 63
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