April 26, 2016

56% of young say they're holding off on buying a house

Economy in Crisis - A recent study done by Bankrate.com shows how millennials are putting their future on hold because of the burdening student loan debt. In fact, 56 percent of young adults interviewed stated that they are holding off on buying their first home until they fully pay of their student loan debt....

However, it used to not be like that. Tuition costs weren’t nearly as high as they are now and job opportunities were available left and right that offered good wages and benefits. Nowadays, there is an average of 118 people applying for the one job.

1 comment:

Anonymous said...

Most of the other 44% are not buying houses because they doubt they will ever be able to afford a house on the low wages jobs offer today.