In an interview with RTTNews, Chris Christopher, US Economist at IHS Global Insight, discusses the surge in student loan debt and its impacts on the economy. Student loan debt has surpassed the $1 trillion mark, becoming the highest level of non-mortgage debt that Americans hold. "More and more college graduates are putting off marriage, they're moving back to the nest…so there's less housing demand and rent is on the way up so things are awful tough," says Christopher.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.