Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Government Documents » Brief – Young Student Loan Borrowers Retreat from Housing and Auto Markets

Brief – Young Student Loan Borrowers Retreat from Housing and Auto Markets

by on

Young Student Loan Borrowers Retreat from Housing and Auto Markets, Meta Brown and Sydnee Caldwell

  • “Student loans have soared in popularity over the past decade, with the aggregate student loan balance, as measured in the FRBNY Consumer Credit Panel, reaching $966 billion at the end of 2012. Student debt now exceeds aggregate auto loan, credit card, and home-equity debt balances—making student loans the second largest debt of U.S. households, following mortgages. Student loans provide critical access to schooling, given the challenge presented by increasing costs of higher education and rising returns to a degree. Nevertheless, some have questioned how taking on extensive debt early in life has affected young workers’ post-schooling economic activity.”
  • Related postings on the financial system
    • LinkedIn

    Sorry, comments are closed for this post.