Relevant:
- A mortgage with every college graduation
- Housing Headwinds: US Birthrate Lowest in 25 Years as Twenty-Somethings Postpone Having Babies
- Young Professionals With Student Loan Debt - Priced Out Of The Market
- The broken tassel of American higher education -- College debt defaults bring up questions about repayment structure. Is college even worth the current costs?
- Student Loans Take the Place of Home Equity
2012-06-23 — blogspot.com
Nearly four years after a borrowing binge gave way to financial crisis, have households slashed enough debt to take on new credit and start spending again?
Yes, says a growing chorus of economists, with some evidence to back them up. The Federal Reserve's ratio of debt service payments to disposable income is at its lowest level since 1994.
But that traditional measure is a poor guide today, as credit-hungry adults under 45 bear the brunt of the jobs, housing and student loan crises.
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