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Saturday, April 20, 2013
Report: Student Debtors Under 30 Are Shying Away From Buying Homes, Cars
If life were a 1950s sitcom, college graduates would zoom out of school, get a job, buy a house, buy a car and get married. But these days, student loans are just one of many reason debtors under 30 are staying far away from the housing and auto markets. That, and life isn’t a sitcom. A new report from the Federal Reserve Bank of New York shows that this age group could be a drag on the economy by the very fact that they aren’t participating in it.
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2 comments:
Good! They need to. If mom & dad have to pay their debts because of the kids inability to find meaningful work.(Parents, don't sign that co-sign. It means you have to pay if they don't; unless, of course you're willing.)
8:00 AM
Your an idiot. Many of their occupations ,or their reason for going to college, has no job openings and because of joblessness in the United States currently they can't find a job even if they wanted to. Also the retirement age for most are now 67 years old and some can't even retire even if they wanted to since they can't pay for it. Have been paying attention to the new lately that you need a bachelor's degree to flip patties and you need training for about 1-3 years for you to be allowed to make burgers at McDonald. This is how difficult getting jobs are getting.
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