How Much Student Debt Stymies Home Buying?

April 21, 2015

According to an analysis by Goldman Sachs, households with student debt of $25,000 or more are less likely to buy their own homes than people with smaller financial burdens.

Newsmax reports that the amount of debt offsets any positive effect that a college degree has on household income for people 25 to 34 years old. The ownership rate among younger households with student debt of $25,000 to $50,000 was 12 percentage points less than the age group’s average.

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