Why Moody's Wants Americans To Remain In 'Burdensome' Student Loan Debt

Video Credit: Wochit Business
Published on November 3, 2019 - Duration: 00:44s

Why Moody's Wants Americans To Remain In 'Burdensome' Student Loan Debt

Moody's Investors Service has given a thumbs down to the idea of cancelling student loan debt.

The hot-button issue has led to proposals from 2020 presidential candidates Bernie Sanders and Elizabeth Warren.

Erasing student-loan debt could create a "moral hazard" which could weaken the effect of any economic stimulus.

Markets Insider reports outstanding student-loan debt is $1.5 trillion, equal to 6.9% of US gross domestic product.

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Why Moody's Wants Americans To Remain In 'Burdensome' Student Loan Debt

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