As Trump throws a bone to Gen Z on student debt, watchdog calls it an ‘incoherent political giveaway,' straight out of Biden's playbook [Fortune]
News Corporation - Class A (NWSA)
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Source: Fortune
the Treasury Offset Program, at least temporarily extends a program that began more than half a decade ago, as a temporary pandemic measure under the first Trump Administration. It has since been extended through both bipartisan legislation and administrative action during the Biden administration. Recommended Video The student-debt relief will likely come as relief to many members of Gen Z, who, as Fortune ‘s Jacqueline Munis recently reported , average $94,000 in student-loan debt, driving them into “disillusionomics.” Other pundits, notably Kyla Scanlon, have riffed on the concept of “ financial nihilism ,” as coined by entrepreneur Demetri Kofinas, to describe how Gen Z's crushing anxiety over their own futures—be it artificial intelligence, the $38 trillion national debt, or any other long-running financial emergency—drive them to destructive behaviors. Trump, for his part, has been scrambling to address voter concerns about “ affordability ,” and has been reportedly in clo
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