Home 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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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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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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Fed Chairman Powell says he is 'very worried' about growing amount of U.S. debt'I'm very worried about it.' Fed chair Jerome Powell said that he is concerned about the ballooning debt in the U.S. 'It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face.'
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Fed Chairman Powell says he is 'very worried' about growing amount of US debt'I'm very worried about it.' Fed chair Jerome Powell said yesterday that he is concerned about the ballooning debt in the U.S. 'It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face.'
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