are students part of the economy?
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are students part of the economy?
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Answer:
Student debt impacts borrowers over time by raising debt burdens, lowering credit scores and ultimately, limiting the purchasing power of those with student debt. Because young people are disproportionately burdened by student debt, they will be less able to participate in and help grow the economy in the - long run.
You paying your taxes on time will be a major contribution of a student to the economy. This is because sales taxes, income taxes, payroll taxes, and wealth taxes are all contributions we make to the economy to improve the collective standard of living.