The dividing line between haves and have-nots in home ownership: Education, not student debt

Executive Summary Many worry that student loans are a drag on the economy, particularly the housing market. Analyses from the Federal Reserve Bank of New York, cited by leading economists, do not provide compelling evidence for this hypothesis. The New York Fed data contain no information about education. As a result, their analyses contrast the home ownership rate of student borrowers with that of an inappropriate comparison group: those who attended college debt-free and those who never went to college. More complete data from researchers at the Board of Governors of the Federal Reserve......(read more)

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