According to JPMorgan analysts, the rising bulk of student debt is making it harder or “even more unsustainable” for young adults to acquire their first homes.
Analysts claim that “student loan debt continues to drag on the young generation, limiting their ability to purchase homes.” College tuition fees are rising faster compared to inflation rates for years.
In addition, studies show that there is a growing number of many young adults living at home. Recent census reveal that 25- to 34-year-olds are living with their parents and have risen to a record high of 17.7 percent for men and 11.7 percent for women in 2014.
Read the article: Young Adults Are Losing All Hope of Buying a Starter Home | Bloomberg