Marketplace®

Daily business news and economic stories

Why student debt may be slowing down a generation of homeowners

New Federal Reserve research says student loan debt is hurting the housing market.

Why student debt may be slowing down a generation of homeowners
fizkes/Getty Images

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.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    5 hours ago
    25:19
  • Make Me Smart
    10 hours ago
    19:00
  • Marketplace Morning Report
    13 hours ago
    6:55
  • Marketplace Tech
    17 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45