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Jul 3, 2023

Let’s talk about debt

Some Americans used their stimulus checks to pay down all sorts of debt. Which might have been a forward-thinking plan, since federal student loan payments are set to restart this fall.

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Let’s talk about debt — Kevin Dietsch/Getty Images

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Segments From This Episode

With student loan forgiveness program struck down, borrowers brace for impact
by Mitchell Hartman
Anna Moneymaker/Getty Images
Some of those who owe the least could be among the most affected.
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What do people do with stimulus checks? Yes, buy stuff — but also pay down debt
by Ali Budner
Marvin Recinos/AFP via Getty Images
A recent study from the Federal Reserve Bank of New York shows that people often use government stimulus money to pay off debt — especially if they have a lot of it.
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The Team

David Brancaccio Host
Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Ariana Rosas Producer
Jordan Mangi Digital Producer
Jesson Duller Media Producer
Brian Allison Technical Director
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC

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Let’s talk about debt

Subscribe:

Segments From This Episode

With student loan forgiveness program struck down, borrowers brace for impact

What do people do with stimulus checks? Yes, buy stuff — but also pay down debt

The Team