President Biden Roughly a third of Americans with student loans spent money they would not have normally spent because they were “confident” it would be forgiven under President Joe Biden, according to a new poll .
The poll by Intelligent.com surveyed 977 people who would have qualified for at least $10,000 of debt relief under Biden’s student loan forgiveness plan, which was struck down by the Supreme Court last month. Of those, one in three said they spent “extra money” because they were assuming forgiveness, with many spending that money on things like vacations, retail items, and even alcohol, drugs, and gambling.
“The Supreme Court decision is a cold shower for those who had their hopes pinned on a $10,000 relief,” James Allen, who founded personal finance website Bullpin.com, told Intelligent. “It’s like waiting for a tax refund only to find out the IRS made a mistake.”
The poll found that of […]
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