Following a recent Supreme Court ruling, student loan repayments will come due in October, likely impacting consumer spending habits later this year. Business leaders need to anticipate how this will impact their forecasts, plans, and revenue potential in the second half of 2023.
In this special report, our economist team analyzes the potential consequences of resuming student loan repayments on the economy and businesses in the latter half of 2023. It addresses five crucial questions that business leaders like yourself should consider to effectively anticipate and mitigate the impact:
- Could the restart of student loan payments cause consumers to change their spending habits this year?
- Is the money needed for repaying student loans really that significant?
- Which Americans will be most affected by the need to start repaying student debt?
- How will this impact the holiday shopping season?
- Will this alter Prevedere’s forecast for recession and recovery in the next year?
The report highlights the need for businesses to plan and strategize effectively in order to navigate these challenges and maximize revenue in Q4 2023 amidst the expected economic volatility.
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About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.