We reported this week that Millennials’ top financial priorities show why they’re behind on major milestones, and a new study confirms that student debt is setting them back significantly when it comes to buying a house. The National Association of Realtors and American Student Assistance found Millennials are delaying buying their first home for a median of seven whole years because of it. Eighty-three percent of homeowner hopefuls confirmed that their student debt is holding them back from buying, and about three-quarters said their student loans made them feel too “financially insecure” to take the plunge. (MarketWatch)
