Why Buying Is Tougher for Millennials Than Their Elders
The homeownership rate for millennials is 8 percentage points lower than for Gen Xers and baby boomers when they were millennials’ ages, according to the Urban Institute’s “Millennial Homeownership” report.
Millennials are the most educated generation in the nation’s history, but student loan debt is hampering their ability to save for down payments. The Urban Institute’s research suggests that it takes only a 1% increase in a person’s student loan debt to decrease the likelihood he or she will b…
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