A weekly blog by Jack Wang on various topics in personal finance, such as debt management, budgeting, insurance, retirement and education planning - and tips to help families protect and grow wealth.
Well, this effect has suspected for a while but now here's some more proof that student loans are preventing people from other major purchases, such as homes.
Whereas before people got mortgages to buy a house, today people have taken out mortgages to get a college degree. Good deal? Time will tell.
The Simple Reason Millennials Aren't Moving Out Of Their Parents' Homes: They're Crushed By Debt