Young Americans seek fewer home, car loans because of college debt

04/18/2013 | Washington Post, The

Today's young consumers, increasingly burdened by student debt, are less likely to borrow money to buy houses and vehicles, according to a paper by the Federal Reserve Bank of New York. In the past, people with student debt were more likely to own a home than those without, but the trend has reversed. The same thing has happened with auto loans, as student debt crowds out other kinds of borrowing.

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