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Student Debt Is a Driver of Low Millennial Homeownership

  • Fed article blames a fifth of decline on higher student loans
  • Policy makers could consider policies that cut tuition
Bloomberg business news
Getting Rid Of Student Debt
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American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit.

Just 36 percent of household heads between 24 and 32 years old owned homes in 2014, down from 45 percent in 2005. At the same time, average student debt per capita rose to an inflation-adjusted $10,000 from $5,000 in 2005.