Mounting student debt has weighed on homeownership among young Americans, the Federal Reserve said in a new report.
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Student debt has kept home ownership out of reach for 400,000 young families, Fed reportsA new Federal Reserve report blames student debt for blocking many young families from owning homes. Avocado toast expenditures were not mentioned.
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Student loan debt is keeping young people from buying homes, Fed study findsHome ownership among those in the 24-to-32 group plunged from 45 percent to 36 percent for the period in the Fed survey.
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Fed Says Student Debt Has Hurt the U.S. Housing MarketThe Fed says student debt has prevented 400,000 young Americans from buying homes and may help explain why many college graduates have moved out of rural areas
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Fed Says Student Debt Is Hurting U.S. Housing MarketStudent debt has prevented hundreds of thousands of young Americans from buying a home in recent years and may help explain why many college graduates have moved out of rural areas, the Federal Reserve said.
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US labor market tightens, wages grow moderately, Fed saysLabor markets tightened across the U.S. as businesses struggled to find workers at any skill level and wages generally grew moderately.
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