The Number Of People Owning Homes Has Lowered Because Of Student Debts

3 months ago

167

number-of-people-owning-homes-lowered-by-student-loans-cover

According to the statistics, student loans are keeping many in the 24 to 32 age group from buying a home. And here is what the Typical Student team will tell you about!

 

Statistics

 

 

number-of-people-owning-homes-lowered-by-student-loans.jpg

 

First things first, in the 2005-2014, the number of young people who own homes lowered from 45% to 36%. What’s more, 20% of them came from the education debt burden. Needless to say, the problem is obvious. Student loan and the debts ex-students still have when they are graduated did lower level of home ownership over the past decade.

 

Federal Reserve Economists

 

 

number-of-people-owning-homes-lowered-by-student-loans.png

 

As expected, Federal Reserve economists studied the problem for a long time. They wanted to see the impact that the $1.5 trillion in educated-related loans have on students or ex-students aged 24-32. The investigation showed that students loans are playing a significant role.

“In surveys, young adults commonly report that their student loan debts are preventing them from buying a home,” Fed researchers Alvaro Mezza, Daniel Ringo, and Kamila Sommer said in a paper released Wednesday. “Our estimates suggest that increases in student loan debt are an important factor in explaining their lowered homeownership rates, but not the central cause of the decline.”



recommended for you

Any questions or propositions?