The Federal Reserve Bank of New York, tireless chroniclers of the growth and impact of student debt, released new data this week showing that 30-year-olds with student debt are still less likely to have mortgage debt than 30-year-olds without.
More data on student debt and home ownership
Libby Nelson was Vox’s editorial director, politics and policy, leading coverage of how government action and inaction shape American life. Libby has more than a decade of policy journalism experience, including at Inside Higher Ed and Politico. She joined Vox in 2014.
There's an argument to be made that 2003 through 2010 were outliers in longer story of debt and home ownership. And at Slate, Jordan Weissmann points to a Fed report from the end of 2012 showing that borrowers who were current on their debt were actually more likely to take out a mortgage. It's borrowers behind on their payments who are holding back housing.
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By Libby Nelson
By Libby Nelson
By Libby Nelson
