Young folks are holding off on that first home, and that’s not bad


By Chris Farrell

A theme of much personal finance commentary in recent years has been hand-wringing over how rising student loan debt burdens prevent young adults from buying a home.

A recent study from the Federal Reserve Bank of New York offers a compelling evidence that student loan debt burdens are a major factor behind the drop in homeownership among young Americans. That said, I believe the weakening hold of homeownership on the younger set is largely a welcome trend (with one major caveat I will get to.)

The New York Fed report highlights three factors that have shaped the behavior of young American consumers in the 21st century.

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