Reconsidering the standard Information into the Education loan Loans and you can Owning a home
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History spring, the fresh new Federal Set-aside Financial of brand new York (FRBNY) released the fresh new facts to the dating between education loan financial obligation and home ownership. It learned that when you look at the financial crisis, teenagers that have student loan financial obligation came into existence less likely than just the individuals versus loans to adopt home loan obligations (a beneficial proxy to have home ownership) by the point it attained years 31.
