Between every two facts, there is rarely a straight line.
Ten years after the financial meltdown that heralded the Great Recession, student debt has risen to record levels while home ownership remains lower than generations past, especially for those who should be in their prime home-buying years.
Jonathan Spader, a senior research associate at the Joint Center for Housing Studies at Harvard University, said pinning the drop in home ownership among young people on student loans is difficult. Yet, his studies show the rising levels of student debt are contributing at least a bit to the declining rates of home ownership.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
