Coverage of “Homeownership and Student Debt” in Bloomberg, Politico
A central part of the “American Dream” is to buy a house, pay it off over time and retire with hundreds of thousands of dollars of equity in the home.
Student-loan burdens are upending this scenario, according to a study from the Jain Family Institute that found the rise in student debt has become a major obstacle to purchasing a home — especially among relatively high-income young borrowers.
The research brings into question the value of a college degree. For young adults earning $100,000 or more, higher student debt corresponds with lower homeownership in each year of the 10-year study.
Article by Alexandre Tanzi here.
Read the Homeownership report from research associate Eduard Nilaj here, and our whole Millennial Student Debt series here.
Find the article cross-posted in the OC Register here.
The post was also featured in Politico’s Report Roundup in Weekly Education, and in Simon Kennedy’s New Economy Daily newsletter at Bloomberg.
From the series:
Millennial Student Debt