Young Americans are now attributing their burdensome student debt to conservatives and the Supreme Court.
Just weeks after the Supreme Court denied President Biden’s plan for student loan forgiveness, The Generation Lab polled young Americans to get their opinion on the decision. Sixty-two percent of Gen Z disagreed with the decision and only 17 percent agreed with SCOTUS.
Now, according to a new poll, a majority of respondents assigned blame for the lack of student debt forgiveness to the Supreme Court and the Republican Party. Specifically, 47 percent held the Supreme Court responsible, while 38 percent pointed fingers at Republicans. On the other hand, 10 percent attributed blame to President Biden, and five percent held Democrats accountable.
It is worth noting that public confidence in the Supreme Court has reached alarmingly low levels in recent months.
The scale of the issue is immense, with tens of millions of borrowers in the United States collectively owing over $1 trillion in student loan debt. After several years of COVID-related payment pauses, federal student loan repayments are set to resume in October. Those burdened with student loan debt tend to be younger individuals with lower incomes, already struggling with inflation and high housing costs. The additional monthly payment will undoubtedly add to their financial strain.
