Student debt is hurting the housing recovery: Fed study The ballooning loans kept 400,000 borrowers off the market over 9-year stretch
It s not the avocado toast eating into millennials down payment budgets.
A recent report from the central banking system found that the dramatic rise in student debt is at least partially responsible for the drop in homeownership levels, the Wall Street Journal reported.
Homeownership in the U.S. has fallen significantly since its pre-recession peak, with the rate among young people lagging particularly far behind.
The Fed study, which examined a period from 2005 to 2014, found that homeownership among people ages 24 to 32 fell by 9 percentage to 爱上海同城对对碰