It’s Giving Tuesday, and the Marketplace Investors Challenge Fund is matching gifts to triple your impact!
Why student debt may be slowing down a generation of homeowners
Share Now on:
You’ve probably heard that millennials are less likely to own homes than their forebears. A study published last year by the Urban Institute found that the home ownership rate for people between the ages of 25 and 34 was only 37 percent in 2015, about eight percentage points lower than it was for Gen Xers and baby boomers when they were that age. One big difference between millennials and earlier generations? The amount of student loan debt they carry. Marketplace host Amy Scott spoke with the Wall Street Journal’s Laura Kusisto about new research from the Federal Reserve, linking student debt to home buying.
Click the audio player above to hear the full interview.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.