By Chris Farrell
A theme of much personal finance commentary in recent years has been hand-wringing over how rising student loan debt burdens prevent young adults from buying a home.
A recent study from the Federal Reserve Bank of New York offers a compelling evidence that student loan debt burdens are a major factor behind the drop in homeownership among young Americans. That said, I believe the weakening hold of homeownership on the younger set is largely a welcome trend (with one major caveat I will get to.)
The New York Fed report highlights three factors that have shaped the behavior of young American consumers in the 21st century.
Read the Full Article at www.startribune.com >>>>
We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
- Policies & Disclosures
- Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.