ACTIONABLE RESEARCH ON GEN Z AND MILLENNIALS

Student debt has grown to double the size of the U.S. housing market, making it clear why many Millennials have delayed homeownership.

Student debt has grown to double the size of the U.S. housing market, making it clear why many Millennials have delayed homeownership. According to realtor.com data, the total value of U.S. homes on the market is $780 billion, while outstanding student debt is $1.5 trillion. In other words, the “total student debt could buy every U.S. house on the market 1.9 times over.” Student debt is one of Gen Z and Millennials’ top financial concerns, and could even sway their votes in the upcoming election. (MPA)