Impact of Student Debt on Consumer Spending and Saving: Estimates from the Consumer Expenditure Survey

In this presentation, Dr. Geoffrey Paulin presents data on student loan balances for young single adults and how the repayment of this debt affects their incomes, consumer expenditures, and savings, including homeownership rates. Dr. Paulin’s analysis is based on data for which collection has recently started in the Consumer Expenditure Survey, a rich dataset that is the source for other critical statistics such as the Consumer Price Index. In view of the growing importance of student debt, the Bureau of Labor Statistics started collecting data on them in 2013, so they can be linked to consumer spending and saving at the family--or in this case, individual--level.