One popular theory about why young people are not buying homes as much as they used to is that rising student debt is making home ownership unaffordable. But new research suggests that may not be right, because twenty-somethings without debt are choosing to live with their parents or rent longer as well.
The more likely culprits are stagnant wages versus rising housing costs and the fact that today’s young men and women are waiting longer to get married. Young people are simply putting off home ownership until they have enough money saved to make it more affordable, or until they settle down and are ready to start a family.
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