Editing Debt relief (section)

==Impact==
A 2024 study found that debt relief for debtors leads to a large increase in earned income, employment, assets, real estate, secured debt, home ownership, and wealth over subsequent decades.<ref>{{Cite journal |last=Bruze |first=Gustaf |last2=Hilsløv |first2=Alexander |last3=Maibom |first3=Jonas |date=2024 |title=The Long-Run Effects of Individual Debt Relief |url=https://doi.org/10.1162/rest_a_01525 |journal=The Review of Economics and Statistics |doi=10.1162/rest_a_01525 |issn=1556-5068|hdl=10419/300943 |hdl-access=free }}</ref>

Another 2024 study found that debtors who receive debt relief are more likely to support incumbent governments.<ref>{{Cite journal |last=Aidt |first=Toke |last2=Asatryan |first2=Zareh |last3=Badalyan |first3=Lusine |date=2024 |title=Political Consequences of Consumer Debt Relief |url=https://doi.org/10.1162/rest_a_01531 |journal=The Review of Economics and Statistics |doi=10.1162/rest_a_01531 |issn=1556-5068|hdl=10419/265422 |hdl-access=free }}</ref>

A 2025 study of medical debt relief found no evidence that it led to improvements in mental and physical health, healthcare utilization, and financial wellness. It did however find that it led moderate but statistically significant reduction in payments of existing medical bills.<ref>{{Cite journal |last=Kluender |first=Raymond |last2=Mahoney |first2=Neale |last3=Wong |first3=Francis |last4=Yin |first4=Wesley |date=2025 |title=The Effects of Medical Debt Relief: Evidence from Two Randomized Experiments |url=https://academic.oup.com/qje/advance-article/doi/10.1093/qje/qjae045/7933321 |journal=The Quarterly Journal of Economics |language=en |doi=10.1093/qje/qjae045 |issn=0033-5533|hdl=10419/296163 |hdl-access=free }}</ref>