RUSH TRANSCRIPT That student ░░░░░░░░ moratorium could be going ░░░░░░░░ real soon It s ░░░░░░░░ hit to the economy ░░░░░░░░ fact you won t ░░░░░░░░ it People spending money ░░░░░░░░ these trips and rests ░░░░░░░░ fom o stuff I ░░░░░░░░ to bring in carrie ░░░░░░░░ Two thirds of real ░░░░░░░░ spending growth the difference ░░░░░░░░ our economy has come ░░░░░░░░ that pause in student ░░░░░░░░ right So no wonder ░░░░░░░░ are doing great no ░░░░░░░░ airlines are doing great ░░░░░░░░ the ironic thing is ░░░░░░░░ underlying message was go ░░░░░░░░ and spend that money ░░░░░░░░ ll never have to ░░░░░░░░ it back so maybe ░░░░░░░░ lot of it wasn ░░░░░░░░ saved Is that the ░░░░░░░░ that you get I ░░░░░░░░ charles and thanks for ░░░░░░░░ me I mean it ░░░░░░░░ really it was fake ░░░░░░░░ in the sense this ░░░░░░░░ money that should not ░░░░░░░░ been spent When you ░░░░░░░░ kicking down the can ░░░░░░░░ the road eventually the ░░░░░░░░ piper has to get ░░░░░░░░ and the thing is ░░░░░░░░ extension of the student ░░░░░░░░ pause was extended eight ░░░░░░░░ I mean that s ░░░░░░░░ incredible if you think ░░░░░░░░ it and what Joe ░░░░░░░░ wants to do right ░░░░░░░░ is to keep pausing ░░░░░░░░ even though on one ░░░░░░░░ he says oh okay ░░░░░░░░ Covid emergency is over ░░░░░░░░ he s saying oh ░░░░░░░░ actually I want to ░░░░░░░░ extending this loan because ░░░░░░░░ deposit loans because it ░░░░░░░░ still an emergency so ░░░░░░░░ really can t have ░░░░░░░░ both ways and that ░░░░░░░░ why he s being ░░░░░░░░ with multiple lawsuits including ░░░░░░░░ recent one from sofi ░░░░░░░░ of the big student ░░░░░░░░ servicers to say look ░░░░░░░░ is a big problem ░░░░░░░░ we keep talking on ░░░░░░░░ program here about the ░░░░░░░░ date of the debt ░░░░░░░░ Well brookings put out ░░░░░░░░ report that showed almost ░░░░░░░░ billion would have gone ░░░░░░░░ treasury if it were ░░░░░░░░ for this loan pause ░░░░░░░░ that would have serviced ░░░░░░░░ half of the debt ░░░░░░░░ year 475 billion Charles ░░░░░░░░ I mean there s ░░░░░░░░ doubt about it we ░░░░░░░░ that ultimately the party ░░░░░░░░ like to get rid ░░░░░░░░ it or force it ░░░░░░░░ someone Now here is ░░░░░░░░ thing and I want ░░░░░░░░ stick with the younger ░░░░░░░░ here right We know ░░░░░░░░ consumers are sort of ░░░░░░░░ on borrowed time We ░░░░░░░░ the spike in credit ░░░░░░░░ use but the spike ░░░░░░░░ buy now pay later ░░░░░░░░ even more worrisome 56 ░░░░░░░░ millennials 49 in gen ░░░░░░░░ What do you do ░░░░░░░░ it feels like the ░░░░░░░░ dream is moving out ░░░░░░░░ the reach of young ░░░░░░░░ Well no I don ░░░░░░░░ think it is and ░░░░░░░░ think charles that s ░░░░░░░░ thing I love about ░░░░░░░░ abdomen your message that ░░░░░░░░ reach millions of people ░░░░░░░░ tell them that dreams ░░░░░░░░ within their reach but ░░░░░░░░ s all about adjusting ░░░░░░░░ right sizing your dream ░░░░░░░░ living below your means ░░░░░░░░ are a blessed country ░░░░░░░░ fact that you have ░░░░░░░░ clinging to the wheels ░░░░░░░░ airplanes clinging to the ░░░░░░░░ of boats risking their ░░░░░░░░ to drown in rivers ░░░░░░░░ come to America there ░░░░░░░░ a study by Gallup ░░░░░░░░ 100 million people would ░░░░░░░░ to come to America ░░░░░░░░ even though yes things ░░░░░░░░ tight and hurting people ░░░░░░░░ pinched right now some ░░░░░░░░ on credit cards I ░░░░░░░░ been you know I ░░░░░░░░ up in a tailer ░░░░░░░░ and motorhome I know ░░░░░░░░ the American dream is ░░░░░░░░ and well and sometimes ░░░░░░░░ takes right sizing your ░░░░░░░░ sometimes it takes reshuffling ░░░░░░░░ the reality is we ░░░░░░░░ more than two times ░░░░░░░░ number of job openings ░░░░░░░░ there are people looking ░░░░░░░░ work right now so ░░░░░░░░ you re in a ░░░░░░░░ where they aren t ░░░░░░░░ you enough I think ░░░░░░░░ should go walk somewhere ░░░░░░░░ and also look into ░░░░░░░░ as millennials and gen ░░░░░░░░ are really good at ░░░░░░░░ side hustl ing looking ░░░░░░░░ other ways to increase ░░░░░░░░ revenue streams and get ░░░░░░░░ cash flows Charles yeah ░░░░░░░░ I think though no ░░░░░░░░ what in your point ░░░░░░░░ most important point here ░░░░░░░░ you got to have ░░░░░░░░ pullback a little bit ░░░░░░░░ know You only live ░░░░░░░░ but it could be ░░░░░░░░ long beautiful life if ░░░░░░░░ don t spend all ░░░░░░░░ money today and borrow ░░░░░░░░ it for tomorrow Carrie ░░░░░░░░ too inning lower class ░░░░░░░░ you very much.