Sep 30, 2022

Consumers got back to spending … or it appears that way, at least

Consumers appeared resilient for August, but so did inflation. Getty Images

The news will say consumers were "resilient" in August, but Christopher Low tells us there's more to it than that. Senior economics contributor Chris Farrell helps explain President Biden's income-driven repayment plan for student loans.

Segments From this episode

What's behind Biden's income-driven repayment plan for student loans?

by Sabri Ben-Achour , Chris Farrell and Erika Soderstrom

Sep 30, 2022

The proposal could be a step "toward a vastly simpler and lower-cost way to pay for higher education," says economics contributor Chris Farrell.

The administration proposed a student-loan repayment system based on earnings and family size in conjunction with its plan to cancel some student debt.

Robyn Beck/AFP via Getty Images

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The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Alex Schroeder Producer

Redmond Carolipio Digital Producer

Ariana Rosas Producer

Jarrett Dang Digital Producer (gone fishing)

Jesson Duller Media Producer

Nick Esposito Media Producer

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