After the resumption of student loan repayments, borrowers expected to lower their average monthly spending from October through December by $56 vs. August, according to the Federal Reserve's recently released Survey of Consumer Expectations Spending Survey. This equates to a $1.6 billion monthly decline, or shaving a modest 0.1% from personal consumption expenditures.
Broken into various demographic groupings, most expected to lower their spending. However, the Fed notes the small sample size and, hence, wide ranges at the 95% confidence interval.
