Student debt is a major reason millennials aren’t buying homes

THE NEW YORK FEDERAL BANK estimated that had tuition stayed at 2001 levels, about 360,000 additional young Americans would've owned a home in 2015. / PBN FILE PHOTO/MICHAEL SALERNO
THE NEW YORK FEDERAL BANK estimated that had tuition stayed at 2001 levels, about 360,000 additional young Americans would've owned a home in 2015. / PBN FILE PHOTO/MICHAEL SALERNO
NEW YORK - College tuition hikes and the resulting increase in student debt burdens in recent years have caused a significant drop in homeownership among young Americans, according to new research by the Federal Reserve Bank of New York. The study is the first to quantify the impact of the recent and significant rise in college-related borrowing—student…

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