Retail sales growth crippled by $1.3 trillion in student loans

Student debt obligations require an estimated $160 billion in annual payments.

Source: $1.3 trillion in student loan debt is crippling retail sales growth

Student debt obligations are growing faster than the average salaries for recent graduates, and require an estimated $160 billion in annual payments, according to new analysis from Moody’s. That’s $40 billion greater than Amazon’s annual revenue, and is larger than the combined yearly sales of Home Depot and Lowe’s.

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