http://financeography.com/millennial-home-ownership-shrinks-as-student-debt-grows/
"Between 2005 and 2015, those under 30 went from owning their home at
about a 34.5% rate down to 27.7%. Over the same decade, we went from
owing $350 billion in student loans to over $1.3 trillion by the end of
the first half of 2016. It’s likely that graduates coming out of school
with a significant amount of debt are putting on buying homes out of
necessity, at least for several years after they are done with college."
My generation used to brag that we needed to make sure that the next generation was better off than us, just as our parents had done for us. Phht. What a joke. We let the 1% soak up all the money and left you all in horrible debt. I apologize. And I hope this can be reversed somehow.
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