US ratings agency out with a report this morning 22 Aug 2016
– Ballooning student debt is set to negatively affect US retail sales
– the debt burden is also shifting toward the highest spending demographic, with 30- to 39-year-olds now holding the largest share of student loans outstanding.
Moody’s retail analyst Charlie O’Shea says:
Moody’s say US retail sales will suffer as student debt exceeds USD 1.3trln
