It may be what’s needed to kickstart the economy when this starts to wind down. That population is the only one with massive pent up ability to spend.
$10,000 is really not that much in terms of the lenders to forgive, but could be a massive improvement for the borrowers. It could infuse so much more into the economy with this group and have long term benefits. It seems like a no-brainer to me.
But it comes down to optics. It doesn't *actually* come down to the economy. It's all posturing and optics and PR.