Savings & Retirement
Student-Loan Burdens Upend the American Homeownership Dream
- Higher earners with large debts are less likely to buy a home
- Jain study shows borrowers in Asian, Black areas are hit hard
Photographer: Laura Buckman/Bloomberg
This article is for subscribers only.
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.