According to a recent study, young adults between the ages of 24 and 32 have bought 10{f08af400499f49ebebec43b71545de24d0cbb35d14a8bc084edd71717d793f40} fewer homes than previous generations and this is the number one reason why.
Student debt
Home ownership levels have dropped over the past decade overall but the sharpest drop was among young adults between the ages of 24 and 32. At the same time, that same group saw their average student debt amount double from $5000 to $10,000. Overall, that age group has a total of $1.5 trillion in student debt! Do you have student debt? Is it keeping you from buying a home?
– Dave O’Brien
Photo Credit: master1305/ Thinkstock
